[$585,000] 共管公寓 (5卧, 2卫)

503 - 253 Lester Street

公寓

Waterloo, Ontario N2L 3W6

5 2 1 1200-1399 sqft

5 2 1

1200-1399 sqft

^$ 568,000

Sold

$ 585,000 Down -2.91%

Taxes $3,499 2024

Maintenance $790 / mo

Estimated Monthly Mortgage $1474

Estimated Closing Costs $--起

University Supermarket

History

MLS®# X12037147

2025.06.13	Sold (-$17,000)	$568,000
2025.06.07	Sold Cond.	$585,000
2025.03.24	New	$585,000

Details

Interior Rooms

MLS®#: copy

Type: 公寓

Style: Condo Apartment

Age: 11-15

Size (sqft): 1200-1399

Exposure: East

Lot Size: Contact Agent

Parking: 0 Total Parking Spaces
0 None Garage
0 Parking Spaces

Last Update: 2025-06-14

Possession Date: Assumption of Tenants

Listing Date: 2025-03-24

Basement: None

Fireplace: N

Heating: Gas

Air Conditioning: Central Air

Locker: None

Water Included: Y

Pet: Restricted

Condo Corporation: 641

Management Company: CIE Property Mgmt

Broker: Trilliumwest Real Estate Brokerage Ltd

Room(s) Stories: Length x Width ( Size ); Descriptions

Bedroom Main: 8.3ft x 13.8ft (115.4 ft² ) 2.54m x 4.22m (10.7 m² )

Bedroom 2 Main: 8.3ft x 12.8ft (106.9 ft² ) 2.54m x 3.91m (9.9 m² )

Bedroom 3 Main: 8.8ft x 11.6ft (101.5 ft² ) 2.67m x 3.53m (9.4 m² )

Bedroom 4 Main: 9.8ft x 10.6ft (104.3 ft² ) 3m x 3.23m (9.7 m² )

Bedroom 5 Main: 8.9ft x 11.7ft (104.2 ft² ) 2.72m x 3.56m (9.7 m² )

Bathroom Main: 4ft x 6ft (23.7 ft² ) 1.21m x 1.82m (2.2 m² )

Bathroom Main: 4ft x 6ft (23.7 ft² ) 1.21m x 1.82m (2.2 m² )

Kitchen Main: 9.2ft x 9.2ft (84.7 ft² ) 2.82m x 2.79m (7.9 m² )

Living Room Main: 9.2ft x 13ft (120.2 ft² ) 2.82m x 3.96m (11.2 m² )

About

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. 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 MLS® mark and 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.

: The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.