301 - 261 Lester Street Waterloo, Ontario N2L 3W6
$519,000Maintenance, Common Area Maintenance, Heat, Insurance, Water
$922 Monthly
Maintenance, Common Area Maintenance, Heat, Insurance, Water
$922 MonthlyRoom #1 - $900, ending Apr 30, 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. Photos are virtually decluttered. (id:61852)
Property Details
| MLS® Number | X12725196 |
| Property Type | Single Family |
| CommunityFeatures | Pets Allowed With Restrictions |
| Features | Laundry- Coin Operated |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Age | 16 To 30 Years |
| Amenities | Storage - Locker |
| Appliances | Dishwasher, Hood Fan, Stove, Refrigerator |
| BasementType | None |
| CoolingType | Central Air Conditioning, Ventilation System |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 1200 - 1399 Sqft |
| Type | Apartment |
Parking
| No Garage |
Land
| Acreage | No |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 4.11 m | 2.59 m | 4.11 m x 2.59 m |
| Main Level | Kitchen | 5.11 m | 4.88 m | 5.11 m x 4.88 m |
| Main Level | Bedroom | 3.99 m | 2.51 m | 3.99 m x 2.51 m |
| Main Level | Bedroom 2 | 3.99 m | 3.15 m | 3.99 m x 3.15 m |
| Main Level | Bedroom 3 | 3.86 m | 3.66 m | 3.86 m x 3.66 m |
| Main Level | Bedroom 4 | 4.06 m | 3.1 m | 4.06 m x 3.1 m |
| Main Level | Bedroom 5 | 4.19 m | 3.73 m | 4.19 m x 3.73 m |
https://www.realtor.ca/real-estate/29284972/301-261-lester-street-waterloo
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Sumit Taggar
Salesperson
201-30 Eglinton Ave West
Mississauga, Ontario L5R 3E7
Poonam Taggar
Salesperson
30 Eglinton Ave W Ste 7
Mississauga, Ontario L5R 3E7
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April 06 2026 06:00:26
Toronto Real Estate Board
Royal LePage Signature Realty