261 LESTER Street Unit# 301, Waterloo, Ontario, N2L3W6
MLS: 40800630 | Apartment (Condo)
$519,000
Property Description
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. (id:64974)
Quick Facts
- Property Type: Apartment (Condo)
- Bedrooms: 5 (5 above)
- Bathrooms: 2
- Living Area: 1,349 sq ft (125.3 m²)
- Above Grade: 1,349 sq ft (125.3 m²)
- Ownership: Condo/Strata
- Attached: Yes
Costs
- Annual Taxes: $3,891.00
- Condo/HOA Fee: $922.00 / monthly
- Includes: Heat, Water, Insurance
Listing Provided by: ROYAL LEPAGE SIGNATURE REALTY
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: None
- Appliances: Refrigerator, Dishwasher, Stove, Hood Fan
Exterior & Construction
- Exterior: Brick
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Features: Laundry- Coin operated
- Zoning: GR
Community & Neighbourhood
- Subdivision: 417 - Beechwood/University
Room Details (9 rooms)
Listing Information
Listing History
MLS listing activity for 261 LESTER Street Unit# 301, Waterloo, Ontario, N2L3W6 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
301 - 261 LESTER STREET, Waterloo
Condo - Apartment$519,000
$3,892/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
271 LESTER Street Unit# 303, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX TWIN CITY REALTY INC.
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
271 LESTER Street Unit# 102, Waterloo
Condo - Apartment$549,900
$3,726/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
253 LESTER Street Unit# 401, Waterloo
Condo - Apartment$514,900
$3,809/yr taxListing Courtesy of BENJAMINS REALTY INC.
280 LESTER Street Unit# 323, Waterloo
Condo - Apartment$409,800
$3,536/yr taxListing Courtesy of GREEN CITY REALTY INC.
280 LESTER Street Unit# 419, Waterloo
Condo - Apartment$388,000
$3,236/yr taxListing Courtesy of SMART FROM HOME REALTY LIMITED
246 LESTER Street Unit# PH-03, Waterloo
Condo - Apartment$469,900
$2,567/yr taxListing Courtesy of HOUSESIGMA INC.
253 ALBERT Street Unit# 216, Waterloo
Condo - Apartment$379,900
$3,878/yr taxListing Courtesy of Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
330 PHILLIP Street Unit# S-110, Waterloo
Condo - Apartment$450,000
$3,346/yr taxListing Courtesy of RE/MAX Aboutowne Realty Corp.
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
301 - 261 LESTER STREET, Waterloo
Condo - Apartment$519,000
$3,892/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
253 LESTER Street Unit# 401, Waterloo
Condo - Apartment$514,900
$3,809/yr taxListing Courtesy of BENJAMINS REALTY INC.
65 ELORA STREET N, Minto
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Condo - Apartment$519,000
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Condo - Apartment$519,000
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1460 GARTH Street Unit# 18, Hamilton
Condo - Row / Townhouse$519,000
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LOT 42 AMBASSADOR BEACH ROAD, Essex
House$519,000
Listing Courtesy of NU STREAM REALTY (TORONTO) INC
223 ERB Street W Unit# 501, Waterloo
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House$519,000
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
301 - 261 LESTER STREET, Waterloo
Condo - Apartment$519,000
$3,892/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
253 LESTER Street Unit# 401, Waterloo
Condo - Apartment$514,900
$3,809/yr taxListing Courtesy of BENJAMINS REALTY INC.
271 LESTER Street Unit# 303, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX TWIN CITY REALTY INC.
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
271 LESTER Street Unit# 102, Waterloo
Condo - Apartment$549,900
$3,726/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
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261 LESTER Street Unit# 301, Waterloo, Ontario, N2L3W6