251 Lester Street 206

Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a include heat and water, while the building features shared laundry, elevator access, and include: entire unit recently painted, new toilets, new dishwasher, new security locks on all purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room.

Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room.

Room #1 - $900, ending Aug 25, 2026, #2 - $750, ending Apr 30, 2026, #3 - $750, ending Aug 26, 2026, #4 - $750, ending Apr 30, 2026, #5 - $750, ending Apr 30, 2026. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 261 Lester St has the potential to generate close to $50,000/year in gross rental income with positive monthly cash flow. Just steps to Wilfrid Laurier University and the University of Waterloo, this high-demand location ensures consistent tenancy. Features include a spacious open-concept living area, two full baths, included furniture, and professional property management options for a completely hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and proximity to transit, shops, and amenities. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered.