261 Lester Street #301 Active Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L 3W6
Key Details
Property Type Condo
Sub Type Condo/Apt Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,349 sqft
Price per Sqft $415
MLS Listing ID 40763189
Style 1 Storey/Apt
Bedrooms 5
Full Baths 2
HOA Fees $922/mo
HOA Y/N Yes
Abv Grd Liv Area 1,349
Annual Tax Amount $3,627
Property Sub-Type Condo/Apt Unit
Source Cornerstone
Property Description
Room #1 - $900, ending Aug 26, 2025, #2 - $900, ending Aug 26, 2025, #3 -
$750, ending Aug 26, 2025, #4 - $900, ending Aug 26, 2025, #5 - $900,
ending Aug 26, 2025. Incredible turnkey investment in the heart of
Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom
condo at 261 Lester St has the potential to generate over $52,000/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, elevator access, and proximity to transit, shops,
and amenities. The seller will provide one year of professional property
management or offer the cash value as part of the sale. Photos are
virtually decluttered.
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning GR
Direction University Ave W / Lester St
Rooms
Main Level Bedrooms 5
Kitchen 1
Interior
Interior Features Elevator,Other
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher,Range Hood,Refrigerator,Stove
Laundry Coin Operated,In-Suite
Exterior
Roof Type Other
Garage No
Building
Lot Description Urban,Ample Parking,Place of Worship,Public Parking,Public Transit,Schools,Other
Faces University Ave W / Lester St
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 1 Storey/Apt
Structure Type Brick
New Construction No
Others
HOA Fee Include Insurance,Central Air Conditioning,Common Elements,Heat,Snow Removal,Water
Senior Community No
Tax ID 236300010
Ownership Condominium