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$519,000
Ontario,Waterloo
For Sale Active
301 - 261 LESTER STREET, Waterloo, Ontario N2L3W6
  • 5
  • 2
  • 1200 - 1399Square Feet
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Basic Details
Description

Room #1 – $900, ending Aug 25, 2026, #2 – $750, ending Apr 30, 2026, #3 – $750, ending Aug 26, 2026, #4 – $750, ending Apr 30, 2026, #5 – $750, ending Apr 30, 2026. 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

close to $50,000/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. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X12725196
  • Price: $519,000
  • Bedrooms: 5
  • Bathrooms: 2
  • Square Footage: 1200 - 1399 Sqft
  • Status: Active
  • Office Name: ROYAL LEPAGE SIGNATURE REALTY
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 275784
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning, Ventilation system
  • Basement: None
  • Parking: No Garage
  • Exterior Features: Brick
Address Map
  • Location: CA, Ontario, Waterloo, N2L3W6
  • Street: Lester
  • Street Number: 261
  • Street Suffix: Street
  • Longitude: W81° 27' 52.4''
  • Latitude: N43° 28' 27.4''
Additional Information
  • Community Features:
  • Lot Features:
Financial
  • Association Fee: 922
  • Association Fee Frequency: Monthly
  • Association Fee Includes:
  • Tax Annual Amount: 3891.75
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Listing updated: 2026-01-26 15:26:58
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Listing Information
  • List Agent Key: 2045015
  • List Office Key: 275784
  • Modification Timestamp: 2026-01-23T20:36:04Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-01-23T20:22:03Z
Powered by REALTOR.ca
Listing updated: 2026-01-26 15:26:59
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