271 Lester Street Unit 102, Waterloo, ON N2L 3W6
- $549,900
- 5
- BD
- 2
- BA
- 1,200
- SqFt
- List Price
- $549,900
- MLS#
- X13482336
- Status
- ACTIVE
- Type
- Condo
- SubType
- Condo Apartment
- Style
- 1 Storey/Apt
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1200-1399
- Province
- ON
- Municipality
- Waterloo
- Area
- Waterloo
- Subdivision
- University/Lester/Hickory
Property 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.
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Additional Information
- Taxes
- $3,726
- Maintenance Fee
- 696.7
- Heat Type
- Forced Air
- Heat Source
- Electric
- Air Conditioning
- Central Air
- Family Room
- Yes
- Kitchens
- 1
- Exterior
- Brick
- Waterfront Type
- None
- Garage Type
- None
- Parking Spaces
- 1
- Parking Type
- Covered
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Listing courtesy of RE/MAX Solid Gold Realty (II) Ltd.