LEASES: ROOM#1 – $900, ending AUG 26, 2027. ROOM#2 – $750, ending AUG 25, 2028. ROOM#3 – $900, ending AUG 26, 2027. ROOM#4 – $850, ending AUG 25, 2026. ROOM#5 – $900, ending AUG 26, 2027. Incredible turnkey investment in the heart of Waterloo’s university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St has the potential to generate over $51,000/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 facilities, elevator access, and proximity to transit, shops, and various amenities.