Sean Kim
Broker
$549,900
Available - For Sale
Listing ID: X13482336
271 Lester Street , Waterloo, N2L 3W6, Waterloo
| 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. |
| Price | $549,900 |
| Taxes: | $3726.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 271 Lester Street , Waterloo, N2L 3W6, Waterloo |
| Postal Code: | N2L 3W6 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | University/Lester/Hickory |
| Level/Floor | Room | Length(m) | Width(m) | Descriptions | |
| Room 1 | Main | Primary B | 4.68 | 2.56 | |
| Room 2 | Main | Bedroom 2 | 4.68 | 2.51 | |
| Room 3 | Main | Bedroom 3 | 4.68 | 2.57 | |
| Room 4 | Main | Bedroom 4 | 2.5 | 3.77 | |
| Room 5 | Main | Bedroom 5 | 4.68 | 2.6 | |
| Room 6 | Main | Bathroom | 2.5 | 1.42 | 3 Pc Bath |
| Room 7 | Main | Bathroom | 1.68 | 2.86 | 4 Pc Bath |
| Room 8 | Main | Kitchen | 3.19 | 2.63 | |
| Room 9 | Main | Dining Ro | 2.95 | 3.85 | |
| Room 10 | Main | Family Ro | 2.92 | 5.24 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Sprinklers: | Carb |
| Washrooms: | 2 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Elevator Lift: | True |
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| RE/MAX Solid Gold Realty (II) Ltd |
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Sean Kim
Broker
Dir:
416-998-1113
Bus:
905-270-2000
Fax:
905-270-0047
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At a Glance:
| Type: | Com - Condo Apartment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Style: | 1 Storey/Apt |
| Tax: | $3,726 |
| Maintenance Fee: | $696.7 |
| Beds: | 5 |
| Baths: | 2 |
| Fireplace: | N |
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