102-271 Lester Street,Waterloo, ON N2L 3W6
Waterloo, ON N2L 3W6
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.
Details
| MLS # | 40841864 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $696 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2009 |
| Days On Site | 69 |
| Listing Provided By | RE/MAX SOLID GOLD REALTY (II) LTD. | Cari Ann Hewick |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,307 |
| Story(s) | 1 |
| Zoning | (H) RN-12 |
| Acreage | 0.33 |
Interior
| Appliances | Dishwasher, Microwave, Range Hood, Refrigerator, Stove |
|---|---|
| Rooms Total | 11 |
| Interior Features | High Speed Internet, Elevator |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Window Features | Window Coverings |
| Laundry Features | Common Area |
Exterior
| Exterior Features | Landscaped, Year Round Living |
|---|---|
| Lot Features | Urban, Rectangular, City Lot, Greenbelt, Hospital, Library, Park, Place of Worship, Public Parking, Public Transit, Schools, Shopping Nearby |
| Construction Materials | Brick |
| Roof | Flat |
| Foundation Details | Concrete Perimeter |
| Security Features | Carbon Monoxide Detector(s), Security System, Smoke Detector(s) |
Parking
| Parking Features | Asphalt |
|---|---|
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Connected, Natural Gas Connected, Recycling Pickup, Street Lights |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 3726 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3W6 |
| Area | 4 Waterloo West |
| Subarea | 417 Beechwood | University |
| Community Name | 417 Beechwood/University |
| School District | Wilfred Laurier, University Of W |
| High School | Wilfred Laurier, University Of W |
| Listing VS Median (in 417 Beechwood/University) | |
Price: $549,900 low | high Med: $399,000 sqft: 1,307 low | high Med: 771 $ / sqft: $421 low | high Med: $518 On site: 69 low | high Med: 110 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3W6 |
| Area | 4 Waterloo West |
| Subarea | 417 Beechwood | University |
| Community Name | 417 Beechwood/University |
| School District | Wilfred Laurier, University Of W |
| High School | Wilfred Laurier, University Of W |
| Listing VS Median (in 417 Beechwood/University) | |
Price: $549,900 low | high Med: $399,000 sqft: 1,307 low | high Med: 771 $ / sqft: $421 low | high Med: $518 On site: 69 low | high Med: 110 | |
