301 - 261 LESTER STREET

Waterloo, , N2L3W6, Canada

$519,000

Room #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.

EXTRAS: Refrigerator, Dishwasher, Stove, Hood Fan

Last updated on : Monday 6th of April 2026 02:10:51 PM

ADDRESS

Street : 301 - 261 LESTER STREET

City : Waterloo

Country : Canada

Postal Code : N2L3W6

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PROPERTY SUMMARY

Property ID : X12725196

Building Type : Apartment

Property Type : Single Family

Bedrooms : 5

Bathrooms : 2

Parking Type: No Garage

Maintenance Fees : $922

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