206-251 Lester Street, Waterloo ON N2L 3W6

Room #1 – $895, ending Aug 28, 2028, #2 – $895, ending Aug 28, 2028, #3 –
$895, ending Aug 28, 2028, #4 – Vacant, #5 – $875, month 2 month.
Incredible turnkey investment in the heart of Waterloo’s university
district! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester St
has the potential to generate over $49,000/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.