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    For Sale - 251 Lester Street Unit# 206, Waterloo, Ontario

    Est payment $2,348/mo
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    Time on Jump  3 day

    AI Summary *

    • Turnkey student residence generating $36,120/year in reliable rental income.
    • Located near University of Waterloo and Wilfrid Laurier University for high demand.
    • Furnished living areas with an open-concept layout and two bathrooms.
    • Professional management ensures hassle-free ownership and automated rent collection.
    • Easy access to transit, local tech hubs, and dining options.




    Rare turnkey student asset generating $36,120/year gross in-place revenue ($3,010/month). Skip the leasing headache-suite 206 at 251 lester st is a purpose-built 5-bedroom, 2-bathroom residence featuring fully executed ontario standard leases on long-term fixed horizons, backed by designated parental guarantors and managed turnkey by property management. Why gamble on unverified tenants when you can acquire secured cash flow from day 1? Situated just steps from both the university of waterloo and wilfrid laurier university, this unbeatable aaa location virtually eliminates vacancy risk while ensuring steady demand year after year. The suite comes complete with furnished living areas, an expansive open-concept common layout, two full four-piece bathrooms, and easy elevator access. Ownership is streamlined and predictable, as condo maintenance fees conveniently cover both heat and water. Professional property management infrastructure is already active and running smoothly behind the scenes, featuring automated tenant rent collection. Commuting is effortless with rapid access to the ion lrt transit line, local tech hubs, university plazas, grocery stores, and vibrant dining destinations. Whether you are expanding an established multi-family portfolio or are a parent-investor searching for a low-maintenance asset with strong fundamentals, this property delivers immediate predictability. Book your private viewing today!
    Listing IDX13861922
    Address251 Lester Street Unit# 206
    CityWaterloo, Ontario
    Price$489,000
    Bed / Bath5 / 2 Full
    StyleApartment, Condo Apartment
    ConstructionBrick
    TypeCondominium
    StatusFor Sale

    Subtype Condo ApartmentIndoor Features None, Coin Operated, In BuildingBasement NoneHeating / Cooling Forced AirHeating Fuel Gas

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    Listing Brokerage: ROYAL LEPAGE SIGNATURE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    251 Lester Street Unit# 206
    Waterloo , Ontario
    5 2 $489,000
    Get more info