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Royal LePage
Royal LePage
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$569,900

5 Beds

2 Baths

1000 - 1199 FEETSQ

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Waterloo ON, N2L 3W6

MLS® # X12310970

Property Information:

Ideally located just steps from Wilfrid Laurier University and the University of Waterloo, this purpose-built 5 bedroom, 2 bathroom condo at 253 Lester St is a low-maintenance addition to any investor's portfolio! With the potential to generate over $50,000 per year in gross rental income, this property offers strong cash flow and consistent year-round tenancy! The thoughtfully designed layout features a spacious open concept living area with an updated kitchen and a bright, welcoming common room - perfect for student living! Condo fees include heat, water and air conditioning, the building features parking, shared laundry facilities, elevator access and an unbeatable proximity to transit, shopping, restaurants and all major amenities! The unit also offers professional property management for a completely hands-off experience! A rare opportunity to own a turnkey investment in one of Waterloo's most sought-after rental locations! (id:27)

Building Features:

  • Style: Apartment
  • Building Type: Apartment
  • Basement Type: None
  • Exterior Finish: Brick
  • Floor Space: 1000 - 1199 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Hood Fan, Stove, Refrigerator

Property Features:

  • OwnershipType: Condominium/Strata
  • Property Type: Single Family
  • Bedrooms: 5
  • Bathrooms: 2
  • Community Features: Pets Allowed With Restrictions
  • Condo Fees: $790 Monthly
  • Features: Laundry- Coin operated
  • Floor Space (approx): 1000 - 1199 Square Feet
  • MaintenanceFee Type: Heat, Common Area Maintenance, Insurance, Water
  • Zoning: GR
  • Parking Type: No Garage, Street

Rooms:

  • Living Main Level 4.55 m x 2.82 m
  • Kitchen Main Level 3.94 m x 3.48 m
  • Bedroom Main Level 4.22 m x 2.54 m
  • 2nd Bedroom Main Level 3.53 m x 2.67 m
  • 3rd Bedroom Main Level 3.23 m x 3.00 m
  • 4th Bedroom Main Level 3.56 m x 2.72 m
  • 5th Bedroom Main Level 3.84 m x 2.57 m
  • Bathroom Main Level Measurements not available
  • Bathroom Main Level Measurements not available

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Courtesy of: KELLER WILLIAMS INNOVATION REALTY

REALTOR.ca  

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Location of 402 - 253 LESTER STREET, Waterloo, Ontario, N2L 3W6

Demographic Information of 402 - 253 LESTER STREET, Waterloo, Ontario, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$57,403.85

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.84 %

High school certificate or equivalent

44.01 %

Apprenticeship trade certificate/diploma

0.88 %

College/non-university certificate

7.85 %

University certificate (below bachelor)

1.23 %

University Degree

44.19 %

Commuter

Travel To Work

By Car

51.37 %

By Public Transit

25.77 %

By Walking

16.99 %

By Bicycle

2.1 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.02 %

Houses

5.98 %

Own Vs. Rent

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