271 LESTER Street Unit# 102
Waterloo, Ontario
MLS® 40841864
$549,900
- Status
- Active
- Property type
- House
- MLS® number
- 40841864
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 2009
1 / 28Listing 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.
Property summary
- MLS® number
- 40841864
- Property type
- Single Family
- Building type
- Apartment
- Square footage
- 1,307 sq ft
- Title
- Condo/Strata
- Built in
- 2009
- Annual property taxes
- $3,726.00
- Parking
- 1 space · Covered
- Days on market
- 97 days
Features & details
- Heating
- Forced air
- Cooling
- Central air conditioning
- Basement
- None
- Appliances
- Refrigerator, Dishwasher, Stove, Microwave, Hood Fan, Window Coverings
- Exterior features
- Brick
- Lot features
- Conservation/green belt, Paved driveway, Recreational, No Pet Home
- Architectural style
- Other
- Maintenance fee
- $696.7 / Monthly
What would this home cost you?
Based on the $549,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX SOLID GOLD REALTY (II) LTD., Waterloo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.