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271 Lester Street 102, Waterloo, ON N2L 3W6

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  • Waterloo

271 Lester Street 102, Waterloo, ON N2L 3W6

271 Lester Street 102, Waterloo, ON N2L 3W6

$549,900

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Property ID:

 RH-1654450-property

Bedrooms
5
Bathrooms
2
Garage
No
Year Built
2025

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.

Additional Details

  • Property Sub Type: Condo Apartment
  • Transaction Type: For Sale
  • Stories: 1
  • Basement: None
  • Heating Source: Electric
  • Heating Type: Forced Air
  • Cooling: Central Air
  • Parking Space: 1
  • MLS Status: New

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