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:23309)
- Listing ID: 40734577
- Property Type: Other
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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 Robert Castañeda to schedule a viewing or to discover other Waterloo real estate for sale.