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- Listed on site  2 months ago
- Beechwood/University
Mixed,Building and Land
MLS® # 40759992
Bedrooms
0Â Beds
Bathrooms
0Â Baths
Size
558Â sqft
Total Parking Spaces
0Â (0Â Garage)Â
Front Door Facing
-Â
Maintenance Fees
$549.86Â
Description
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 ~$40,293 over the next 3.5 years, resulting in a strong ~6.21% 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? - Long-term, escalating lease in place - Low operational burden - Strong rental growth outlook - Located in high-demand core Perfect
History
Listing history of 280 Lester Street
Features & Details
Property details of 280 Lester Street
Property Details
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280 Lester Street
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Market Insights for Mixed,Building and Land in Beechwood/University,Waterloo
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Beechwood University
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