253 LESTER Street Unit# 402

About this home.

Exceptional investment opportunity! Ideally located just minutes from the University of Waterloo and Wilfrid Laurier University making it a valuable addition to any investor's portfolio! Featuring five spacious bedrooms and two full bathrooms this home offers a thoughtfully designed layout with a large common area complete with an L-shaped kitchen and a bright open living room - perfect to relax and gather! Condo fees include heat and water. The building features parking, shared laundry facilities, elevator access and close proximity to transit, shopping, all amenities and much more! Potential to generate over $50,000 per year with current rents! (id:59491)

The full record.

How this listing prices against Beechwood/University.

Beechwood/University was highly supplied this period, with 13 sales against 98 active listings, one of the loosest inventory setups in Waterloo. The average sale price was $621,462, well below the city average, homes took 34 days to sell, and deals closed at 94.02% of list, all signs of a softer market overall. Activity split between 5 freeholds and 8 condos, but the overwhelming amount of condo inventory is what defines the neighbourhood right now. This is a market with lots of choice and clear pressure on sellers to price realistically.

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