251 Lester Street 206, Waterloo, ON N2L 3W6
Waterloo, ON, N2L 3W6
About this property
Rare turnkey student asset generating $36,120/year gross in-place revenue ($3,010/month). Skip the leasing headache-Suite 206 at 251 Lester St is a purpose-built 5-bedroom, 2-bathroom residence featuring fully executed Ontario Standard Leases on long-term fixed horizons, backed by designated parental guarantors and managed turnkey by Property Management. Why gamble on unverified tenants when you can acquire secured cash flow from Day 1? Situated just steps from both the University of Waterloo and Wilfrid Laurier University, this unbeatable AAA location virtually eliminates vacancy risk while ensuring steady demand year after year. The suite comes complete with furnished living areas, an expansive open-concept common layout, two full four-piece bathrooms, and easy elevator access. Ownership is streamlined and predictable, as condo maintenance fees conveniently cover both heat and water. Professional property management infrastructure is already active and running smoothly behind the scenes, featuring automated tenant rent collection. Commuting is effortless with rapid access to the ION LRT transit line, local tech hubs, university plazas, grocery stores, and vibrant dining destinations. Whether you are expanding an established multi-family portfolio or are a parent-investor searching for a low-maintenance asset with strong fundamentals, this property delivers immediate predictability. Book your private viewing today!
Features & Amenities
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: Apartment
- Construction: Brick
- Exposure: East
Property Details
| Property Type | Residential Condo & Other |
|---|---|
| Property Sub-Type | Condo Apartment |
| Architectural Style | Apartment |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Basement | None |
| Garage | None |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Annual Tax | $4,059 |
| Tax Year | 2025 |
| Association Fee | $790 / |
Interior Features
- Interior Features
- None
- Laundry Features
- Coin Operated, In Building
Exterior Features
- Balcony Type
- None
Building & Construction
- Architectural Style
- Apartment
- Construction Materials
- Brick
- Basement
- None
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 0
- Parking Total
- 0.00
- Parking Features
- Underground
- Covered Spaces
- 0
Community & Neighborhood
- Association Name
- WSCC
Financial & Tax
- Tax Annual Amount
- $4,059
- Tax Year
- 2025
- Association Fee
- $790
- Association Fee Includes
- Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
- Possession Type
- Flexible
- Possession Details
- TBD
Room Details
- Rooms Above Grade
- 8
- 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 Ave W / Lester St
- Directions
- University Ave W / Lester St
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
251 Lester Street 206, Waterloo, ON N2L 3W6, Waterloo, ON, N2L 3W6