301 - 261 Lester Street Waterloo, Ontario N2L 3W6
$560,000Maintenance, Common Area Maintenance, Heat, Insurance, Water
$922 Monthly
Maintenance, Common Area Maintenance, Heat, Insurance, 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:24801)
Property Details
| MLS® Number | X12362585 |
| Property Type | Single Family |
| Community Features | Pet Restrictions |
| Features | Laundry- Coin Operated |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 16 To 30 Years |
| Appliances | Dishwasher, Hood Fan, Stove, Refrigerator |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,200 - 1,399 Ft2 |
| 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/28773002/301-261-lester-street-waterloo
Contact Us
Contact us for more information
Sumit Taggar
Salesperson
sumittaggar.recteam.ca/
www.facebook.com/realtorpoonamtaggar/?ref=bookmarks
201-30 Eglinton Ave West
Mississauga, Ontario L5R 3E7
(905) 568-2121
(905) 568-2588
Poonam Taggar
Salesperson
www.facebook.com/sumitpoonamtaggar/
30 Eglinton Ave W Ste 7
Mississauga, Ontario L5R 3E7
(905) 568-2121
(905) 568-2588
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August 25 2025 11:30:12
Toronto Regional Real Estate Board
Royal LePage Signature Realty