271 Lester Street 203, Waterloo, ON N2L 3W6
Waterloo, ON, N2L 3W6
About this property
PARENTS! LOOKING FOR AN INVESTMENT while your child attends University? Cash Flowing Investment Opportunity - Fully Furnished 5-Bedroom Unit Near Universities. Potential Monthly Rental Income: $4,300/mth | Low Condo Fees | 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, underbed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking are liable, high-demand rental property, OR A parent looking for a solid investment while their child attends U of W or Laurier! Can be available for your child looking to attend University in the fall. You can't beat the location - hurry before it's gone!
Features & Amenities
- Garage: Surface
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Electric
- Style: 1 Storey/Apt
- Construction: Brick
- Exposure: East
Property Details
| Property Type | Residential Condo & Other |
|---|---|
| Property Sub-Type | Condo Apartment |
| Architectural Style | 1 Storey/Apt |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Lot Size | 14,315 |
| Basement | None |
| Garage | Surface |
| Parking Spaces | 1 |
| Heat Type | Forced Air |
| Heat Source | Electric |
| Cooling | Central Air |
| Annual Tax | $3,713 |
| Tax Year | 2025 |
| Association Fee | $697 / |
Interior Features
- Interior Features
- Carpet Free, Separate Hydro Meter, Ventilation System, Water Heater
- Laundry Features
- In Building
Exterior Features
- Balcony Type
- None
Building & Construction
- Architectural Style
- 1 Storey/Apt
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Flat
- Basement
- None
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Electric
- Cooling
- Central Air
Parking & Garage
- Garage Type
- Surface
- Parking Spaces
- 1
- Parking Total
- 1.00
- Parking Features
- Surface
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 14315.00
Community & Neighborhood
- Property Features
- Greenbelt/Conservation, Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
- Association Name
- WSCP
Financial & Tax
- Tax Annual Amount
- $3,713
- Tax Year
- 2025
- Tax Assessed Value
- $271,000
- Association Fee
- $697
- Association Fee Includes
- Heat Included, Water Included, Building Insurance Included, CAC Included
- Possession Type
- Flexible
- Possession Details
- Flexible
Room Details
- Rooms Above Grade
- 2
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Exposure
- East
- County Or Parish
- Waterloo
- Cross Street
- University/Lester/Hickory
- Directions
- University to Lester
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System