Listed by Trilliumwest Real Estate Brokerage Ltd.

503-253 Lester Street is a Condo Apt, Apartment and is currently for Sale @ $585,000. Taxes in 2024 were $3,499.38.

More condos for sale under 600k in Waterloo

Generating over $53,000/year in Gross Revenue, this powerhouse of a student rental is a guaranteed money maker and one of the best passive investment models in the Waterloo Region. The Apartment on 503-253 Lester Street has 5 bedrooms, 2 bathrooms, and is located in the community of . Walking distance to both Laurier and UW, theres no shortage of students eager to move here, and many stay for the duration of their education. With 5 bedrooms, 2 full bathrooms, and a massive open-concept living area, the attention to detail and practicality of construction in this purpose-built property make ownership a breeze. Even the furniture is included for a completely seamless and hassle-free tenant turnover. And the condo fees include Heat and Water for your peace of mind. Fully tenanted with the loveliest undergrads, there are 4 leases in place through to August 2026, and one lease ending in Aug 2025. Opt-in to the professional Property Management for a completely hands-off investment approach that delivers positive cashflow every single month.With ample parking located behind the property, a shared laundry area, an elevator for accessibility, close to eateries and amenities and transit, 253 Lester Street sure is a low risk income property to slide into your portfolio. Let's get you in for a closer look soon.

Stove, Fridge, Dishwasher, 5xBeds, 5xDesks, Dining Table w 4xChairs, Couch, Coffee Table, 2xChairs, All Window Coverings

The address 503-253 Lester Street was listed for sale (MLS# X12037147) on Monday, March 24, 2025.