280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo
  • 280 LESTER Street Unit# 116 Waterloo

280 LESTER Street Unit# 116, Waterloo, Ontario

$719,999

  • 558 Square Feet

Commercial Condo in great location close to the University of Waterloo. This unit is currently tenanted with a lease (5 years) in place until November 2028, and rent escalates annually from $4,350.50/month now to $5,791.25/month in the final year. Net annual income averages ~$41,930 over the next four years, resulting in a strong ~5.82% cap rate. There is a 5 year renewal option in the lease. Given the location, secure cash flow, and minimal upkeep, this property would appeal greatly to passive investors. Why Invest on it? Long-term, escalating lease in place Low operational burden Strong rental growth outlook Located in high-demand core Perfect for hands-off investors seeking passive income and asset appreciation (id:56241)

  • Listing ID: 40734577
  • Property Type: Other
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Details

  • Maintenance Fee: 549.86
  • Maintenance Fee Payment Unit: Monthly
  • Ownership: Condominium
  • Transaction: For sale
  • Zoning Description: NMU-8

Building

  • BasementType: None
  • Exterior Finish: Concrete
  • Fireplace Present: False
  • Size Exterior: 558.0000
  • Size Interior: 558 sqft
  • Stories Total: 1
  • Utility Water: Municipal water

Land

  • Sewer: Municipal sewage system
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Listing provided by Royal LePage Wolle Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 280 LESTER Street Unit# 116 in Waterloo Ontario. It was last modified on June 19th, 2025. Contact us to schedule a viewing or to discover other Waterloo real estate for sale.

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