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Home ON Kitchener - Cambridge - Waterloo Waterloo Columbia
271 LESTER Street Unit# 102
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271 LESTER Street Unit# 102 $569,900
6 days ago
$569,900
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271 LESTER Street Unit# 102
Waterloo, Ontario N2L3W6

MLS® Number: 40805174
5
Bedrooms
2
Bathrooms
1307
Square Feet

Listing 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 possession and consistent income with a 6.23% Cap Rate. (70187470)

Location Description

University to Lester

Property Summary

Property Type
Single Family
Building Type
Apartment
Storeys
1
Square Footage
1307 sqft
Subdivision Name
417 - Beechwood/University
Title
Condominium
Land Size
under 1/2 acre
Built in
2009
Annual Property Taxes
$3,726
Parking Type
Covered
Time on REALTOR.ca
6 days

Building

Bedrooms
Above Grade
5
Bathrooms
Total
2
Interior Features
Appliances Included
Dishwasher, Microwave, Refrigerator, Stove, Hood Fan, Window Coverings
Basement Type
None
Building Features
Features
Conservation/green belt, Paved driveway, Recreational, No Pet Home
Style
Attached
Fire Protection
Smoke Detectors, Security system
Total Units
0
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air
Utilities
Utility Type
Cable (Available), Natural Gas (Available)
Utility Communications
High Speed Internet
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Maintenance or Condo Information
Maintenance Fees
$696.70 Monthly
Maintenance Fees Include
Insurance, Common Area Maintenance, Heat, Landscaping, Property Management, Water, Residential Manager
Parking
Parking Type
Covered
Total Parking Spaces
1

Measurements

Square Footage
1307 sqft
Above Grade Finished
1307 sqft
Source: Plans

Rooms

MetricImperial
Main level
3pc Bathroom
4pc Bathroom
Bedroom
Bedroom
Bedroom
Bedroom
Primary Bedroom
Living room
Dining room
Kitchen
Foyer

Land

Lot Features
Frontage
106 ft
Land Depth
135 ft
Other Property Information
Access
Road access
Zoning Description
(H) RN-12
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