$489,000 Sale

Listed 7 days ago

206 - 251 LESTER STREET

MLS® x13861922 Condo Apt

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Beds · 5

Baths · 2.0

Parking · 0

Sqft · 1200 - 1399

Est. mortgage

$1,855/mo

Maintenance Fee

$790.49/mo

Key Facts

Key facts for 206 - 251 LESTER STREET

Property Type

Condo

Parking

Garage: No, 0 parking

MLS #

X13861922

Size

1200 - 1399 sqft

Basement

None

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

$790.49/mo

Description

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 parenta...l 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:10452)

Full Property Details

Interior

Bedrooms

Washrooms

2.0

Square Footage

1200 - 1399 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

2.0

Square Footage

1200 - 1399 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Central air conditioning

Kitchens

Full Bathrooms

Half Bathrooms

Exterior

Parking Spaces

Garage Spaces Y/N

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Condo

Subtype

Condo Apt

Exterior

Brick

Home Type

Condo

Subtype

Condo Apt

Exterior

Brick

Community

Beechwood

Area Code

Waterloo

Features

Pets Allowed With Restrictions

Community

Beechwood

Area Code

Waterloo

Features

Pets Allowed With Restrictions

Taxes & Fees

Maintenance Fee

$790.49/mo

Maintenance Fee

$790.49/mo

Other

Pets

Yes

Pets

Yes

Room Types

Bedroom 2

Dimensions 3.73 m x 2.67 m

107.2 sqft

Bedroom 3

Dimensions 2.64 m x 3.96 m

112.53 sqft

Bedroom 4

Dimensions 3.56 m x 2.64 m

101.16 sqft

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Christine & Alex Just

Email: [email protected] Cell: 519-498-8213