206 - 251 LESTER STREET, Waterloo, Ontario, N2L3W6
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! (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-745-4321
- 705-745-4324
- john@mcconkeyrealestate.com
- Property Address: 206 - 251 LESTER STREET, Waterloo, Ontario, N2L3W6
- Property Type: Single Family
- Title: Condominium/Strata
- Driveway: No Garage
- Maintenance Fee: 790.00
- Structure Style: Apartment
- Floor Space: 1200 - 1399 sqft
- Bedrooms: 5
- Bathrooms: 2-Total
- Basement Type: None
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick
- Appliances Included: Dishwasher, Hood Fan, Stove, Refrigerator
- Laundry- Coin operated
- Pets Allowed With Restrictions
| Type | Level | Dimensions |
|---|---|---|
| Living room | Main level | 2.9 m x 2.82 m |
| Dining room | Main level | 3.43 m x 8.43 m |
| Kitchen | Main level | 3.43 m x 8.43 m |
| Foyer | Main level | 3.43 m x 8.43 m |
| Primary Bedroom | Main level | 4.6 m x 2.36 m |
| Bedroom 2 | Main level | 3.73 m x 2.67 m |
| Bedroom 3 | Main level | 2.64 m x 3.96 m |
| Bedroom 4 | Main level | 3.56 m x 2.64 m |
| Bedroom 5 | Main level | 4.11 m x 2.34 m |
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