Property Information:

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:27)

Building Features:

Style: Apartment
Building Type: Apartment
Basement Type: None
Construction Style - Attachment: Attached
Exterior Finish: Brick
Fire Protection: Smoke Detectors, Security system
Floor Space: 1307 sqft
Heating Type: Forced air
Cooling Type: Central air conditioning
Appliances: Dishwasher, Microwave, Refrigerator, Stove, Hood Fan, Window Coverings

Property Features:

OwnershipType: Condominium
Property Type: Single Family
Bedrooms: 5
Bathrooms: 2
Access Type: Road access
Amenities Nearby: Hospital, Park, Public Transit, Schools, Shopping
Built in: 2009
Communication Type: High Speed Internet
Condo Fees: $696 Monthly
Features: Conservation/green belt, Paved driveway, Recreational, No Pet Home
Floor Space (approx): 1307 Square Feet
Lot Depth: 135 Feet
Lot Frontage: 106 Feet
MaintenanceFee Type: Insurance, Common Area Maintenance, Heat, Landscaping, Property Management, Water
Utility Type: Natural Gas - Available, Cable - Available
Zoning: (H) RN-12
Sewer: Municipal sewage system
Parking Type: Covered
No. of Parking Spaces: 1

Rooms:

Bathroom Main Level 5'6'' x 9'5''
Bathroom Main Level 8'3'' x 4'8''
Bedroom Main Level 8'3'' x 12'5''
Bedroom Main Level 15'4'' x 8'3''
Bedroom Main Level 15'4'' x 8'5''
Bedroom Main Level 15'4'' x 8'5''
Primary Bedroom Main Level 15'4'' x 8'6''
Living Main Level 9'7'' x 17'2''
Dining Main Level 9'8'' x 12'7''
Kitchen Main Level 10'6'' x 8'8''
Foyer Main Level 5'4'' x 9'11''

Courtesy of: RE/MAX SOLID GOLD REALTY (II) LTD.

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Demographic Information of 271 LESTER Street Unit# 102, Waterloo, Ontario, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$57,403.85

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.84 %

High school certificate or equivalent

44.01 %

Apprenticeship trade certificate/diploma

0.88 %

College/non-university certificate

7.85 %

University certificate (below bachelor)

1.23 %

University Degree

44.19 %

Commuter

Travel To Work

By Car

51.37 %

By Public Transit

25.77 %

By Walking

16.99 %

By Bicycle

2.1 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.02 %

Houses

5.98 %

271 LESTER Street Unit# 102, Waterloo, Ontario, N2L 3W6