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Renanza Realty
For sale

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

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.

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.

Estimated monthly payment$2,559 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.