261 Lester Street Unit# 301 Waterloo, Ontario N2L 3W6
$560,000Maintenance, Insurance, Heat, Water
$922 Monthly
Maintenance, Insurance, Heat, Water
$922 MonthlyRoom #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. (id:63008)
Property Details
| MLS® Number | 40763189 |
| Property Type | Single Family |
| AmenitiesNearBy | Place Of Worship, Public Transit, Schools |
| Features | Laundry- Coin Operated |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Dishwasher, Refrigerator, Stove, Hood Fan |
| BasementType | None |
| ConstructionStyleAttachment | Attached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1349 Sqft |
| Type | Apartment |
| UtilityWater | Municipal Water |
Parking
| Underground | |
| None |
Land
| Acreage | No |
| LandAmenities | Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeTotalText | Unknown |
| ZoningDescription | Gr |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 13'9'' x 12'3'' | ||
| Main Level | Bedroom | 13'4'' x 10'2'' | ||
| Main Level | Bedroom | 12'8'' x 12'0'' | ||
| Main Level | Bedroom | 13'1'' x 10'4'' | ||
| Main Level | Bedroom | 13'1'' x 8'3'' | ||
| Main Level | Kitchen | 16'9'' x 16'0'' | ||
| Main Level | Living Room | 13'6'' x 8'6'' |
https://www.realtor.ca/real-estate/28772514/261-lester-street-unit-301-waterloo
Poonam Taggar
Salesperson
30 Eglinton Ave West Suite 7
Mississauga, Ontario L5R 3E7
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August 26 2025 07:29:26
REALTORS® Association of Hamilton-Burlington
Royal LePage Signature Realty