$519,000
FOR SALE

Condo Apartment

Bedrooms: 5Bathrooms: 2
2025 Taxes: $3,891.75Maintenance Fees: $922

261 Lester St #301
Waterloo, ON N2L 3W6

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.
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Listed By ROYAL LEPAGE SIGNATURE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12725196
Last Updated Apr 06, 2026
Property Summary
Property Type Condo Apartment

More like this:
PIN 236300010
Possession Date TBD
Taxes (2025) $3,891.75
Maintenance Fees $922
Directions/Cross Streets University Ave W & Lester St
Area Waterloo
Price History

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Detailed Information
Special Designations Unknown
Bedrooms 5
Bathrooms 2
Rooms 7
Exterior Brick
Air Conditioning Central Air
Garage Type None
Heat Source Gas
Heat Type Forced Air

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