271 Lester Street 102,Waterloo, ON N2L 3W6
Waterloo, ON N2L 3W6
Description
Prime Investment Opportunity - Fully Furnished 5-Bedroom Unit Near Universities. Monthly Rental Income: $4,300 | Low Condo Fees | Covered Parking Included This turn-key 5-bedroom, 2-bathroom condo offers an exceptional investment opportunity in a highly sought-after building, steps from University of Waterloo and Wilfrid Laurier University. Designed to maximize rental income, this unit comes fully furnished with zero property management fees, ensuring hassle-free cash flow from day one. Key Features include: Spacious Living Area: Open-concept living, dining, and kitchen, fully furnished with modern finishes. Five Bedrooms: Each bedroom features large windows and under-bed storage, dresser drawers, providing functional and comfortable living spaces for tenants. Secure Building: 24-hour security and a well-managed building ensure a safe environment and high tenant retention. Prime Location: Walk to campus, shopping, restaurants, and other local amenities. Parking: Rarely available in this building, included with the unit. Included Furnishings & Appliances: Refrigerator, stove, dishwasher, microwave, hood fan, beds with mattresses, desks with chairs, under-bed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking a reliable, high-demand rental property, this unit offers immediate occupancy and consistent income with a 6.23% Cap Rate.
Details
| MLS # | X13482336 |
|---|---|
| Listing Type | For Sale |
| Style | 1 Storey/apt |
| HOA Dues | $696 |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 60 |
| Listing Provided By | RE/MAX Solid Gold Realty (II) Ltd | X13482336 549200 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| Water Front | None |
Interior
| Interior Features | Carpet Free, Separate Hydro Meter, Ventilation System, Water Heater |
|---|---|
| Cooling | Central Air |
| Heat Source | Electric |
| Fireplace Yes / No | No |
| Laundry Features | In Building |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Brick |
| Security Features | Carbon Monoxide Detectors, Concierge/Security, Security System, Heat Detector, Smoke Detector |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Covered |
Taxes
| Tax Annual Amount | 3726 |
|---|---|
| Tax Assessed Value | 271000 |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3W6 |
| Listing VS Median (in N2L 3W6) | |
Price: $549,900 low | high Med: $0 On site: 60 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3W6 |
| Listing VS Median (in N2L 3W6) | |
Price: $549,900 low | high Med: $0 On site: 60 low | high Med: | |
