271 Lester ST #102, Waterloo, ON N2L 3W6
271 Lester ST #102, Waterloo, ON N2L 3W6
271 Lester ST #102, Waterloo, ON N2L 3W6
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$549,900
Est. payment /mo
5 Beds
2 Baths
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UPDATED:

Key Details

Property Type Apartment

Sub Type Condo Apartment

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1200-1399

MLS Listing ID X13482336

Style 1 Storey/Apt

Bedrooms 5

Maintenance Fees $696

HOA Fees $696

Annual Tax Amount $3,726

Tax Year 2025

Property Sub-Type Condo Apartment

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.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement None

Kitchen 1

Interior

Interior Features Carpet Free, Separate Hydro Meter, Ventilation System, Water Heater

Cooling Central Air

Fireplace No

Heat Source Electric

Exterior

Parking Features Covered

Waterfront Description None

Roof Type Flat

Exposure East

Total Parking Spaces 1

Balcony None

Building

Story 1

Unit Features Greenbelt/Conservation,Library,Park,Place Of Worship,Public Transit,Rec./Commun.Centre

Foundation Concrete

Locker None

Others

Security Features Carbon Monoxide Detectors,Concierge/Security,Security System,Heat Detector,Smoke Detector

Pets Allowed No

ParcelsYN No

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Listed by RE/MAX Solid Gold Realty (II) Ltd

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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271 Lester ST #102

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