301 - 261 LESTER STREET, Waterloo, Ontario, N2L3W6

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. 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:64974)

Quick Facts

• Property Type: Apartment (Condo)
• Bedrooms: 5 (5 above)
• Bathrooms: 2
• Ownership: Condo/Strata
• Attached: Yes

Costs

• Annual Taxes: $3,891.75
• Condo/HOA Fee: $922.00 / monthly
• Corp: C.I.E Property Management
• Includes: Common Area Maintenance, Heat, Water, Insurance

Listing Provided by: ROYAL LEPAGE SIGNATURE REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.