301 - 261 LESTER STREET

Waterloo, , N2L3W6, Canada

$519,000

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. Photos are virtually decluttered.

EXTRAS: Refrigerator, Dishwasher, Stove, Hood Fan

Last updated on : Saturday 18th of April 2026 05:01:02 PM

ADDRESS

Street : 301 - 261 LESTER STREET

City : Waterloo

Country : Canada

Postal Code : N2L3W6

Open in Google Map

PROPERTY SUMMARY

Property ID : 40800630

Building Type : Apartment

Property Type : Single Family

Bedrooms : 5

Bathrooms : 2

Parking Type: Underground, None

Maintenance Fees : $922

Similar Properties

Single Family

#104 - 253 LESTER STREET

Waterloo, Ontario, N2L3W6

$569,900

Beds: 5Baths: 2

property Type: Apartment

type: Sale

PAULETTE LAWRENCE
15 hours ago

DETAILS

Single Family

1716 - 28 SOMMERSET WAY

Toronto (Willowdale East), Ontario, M2N6W7

$830,000

Beds: 5Baths: 3

property Type: Row / Townhouse

type: Sale

ESZTER SEBOK
21 hours ago

DETAILS

Single Family

303 - 1 REIDMOUNT AVENUE

Toronto (Agincourt South-Malvern West), Ontario, M1S4V3

$599,000

Beds: 5Baths: 2

property Type: Apartment

type: Sale

MICHELLE ZHANG
1 day ago

DETAILS

Single Family

401 - 253 LESTER STREET

Waterloo, Ontario, N2L3W6

$514,900

Beds: 5Baths: 2

property Type: Apartment

type: Sale

JOHN BENJAMINS
2 days ago

DETAILS

Single Family

UNIT 3 - 1306 GUELPH LINE

Burlington (Mountainside), Ontario, L7P2S9

$499,900

Beds: 5Baths: 4

property Type: Row / Townhouse

type: Sale

GURMUKH GILL
2 weeks ago

DETAILS

Inquire about this property