116 University Ave W, Waterloo, ON N2L 3E2, Canada
116 University Ave W, Waterloo, ON N2L 3E2, CanadaBasics
- Date added: Added 4 weeks ago
- Category: Residential
- Type: Condo/Apt Unit
- Status: Active
- Bedrooms: 5
- Bathrooms: 2
- Area: 1158 sq ft
- Year built: 2009
- Bathrooms Half: 0
- Rooms Total: 10
- County Or Parish: Waterloo
- Bathrooms Full: 2
- MLS ID: 40746169
Description
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Description:
Room #1 - Vacant, #2 - $825, ending Aug 26, 2025, #3 Vacant, #4 - $850, monthly, #5 - $825, ending Aug 26, 2025. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester St has the potential to generate over $49,000/year in gross rental income with positive monthly cash flow. Just steps to Wilfrid Laurier University and the University of Waterloo, this high-demand location ensures consistent tenancy. Features include a spacious open-concept living area, two full baths, included furniture, and professional property management options for a completely hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and proximity to transit, shops, and amenities.
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Location
- Parking Total: 0
- Directions: University/Lester
- Direction Faces: North
Building Details
- Number Of Units Total: 0
- Building Area Total: 1158 sq ft
- Number Of Buildings: 0
- Covered Spaces: 0
- Construction Materials: Brick
- Garage Spaces: 0
- Roof: Other
Amenities & Features
- Water Source: Municipal
- Architectural Style: 1 Storey/Apt
- Appliances: Dishwasher, Range Hood, Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Cooling: Central Air
- Interior Features: Elevator
- Heating: Forced Air, Natural Gas
- Frontage Type: West
