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. (id:4069)
Address
271 LESTER Street Unit# 102
List Price
$549,900
Property Type
Single Family
Type of Dwelling
Apartment
Style of Home
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
5
Bathrooms
2
Floor Area
1,307 Sq. Ft.
Lot Depth
135 ft
Frontage Length
106 ft
Year Built
2009
Maint. Fee
$696.70
MLS® Number
40841864
Listing Brokerage
RE/MAX SOLID GOLD REALTY (II) LTD.
Basement Area
None
Postal Code
N2L3W6
Zoning
(H) RN-12
Ownership
Condominium
Parking Places (Total)
1
Site Influences
Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Features
Conservation/green belt, Paved driveway, Recreational, No Pet Home
Appliances
Dishwasher, Microwave, Refrigerator, Stove, Hood Fan, Window Coverings
Heat Type
Forced air
Cooling Features
Central air conditioning
Number Of Floors In Building
1
Water Source
Municipal water
Access To Property
Road access
Sewer
Municipal sewage system
