Maintenance fees
$941.24
Locker
None
Exposure
E
Possession
2025-09-05
Price per sqft
$392 - $458
Taxes
$3,891.75 (2025)
Outdoor space
-
Age of building
8 years old
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Description
Turnkey Student Rental Investment Fully Furnished 5 Bed, 2 Bath at 261 Lester St. Prime opportunity to own in one of Waterloos most sought-after student rental buildings, just steps from the University of Waterloo. This spacious 5-bedroom, 2-bathroom unit is purpose-built for student living, offering a modern layout designed for comfort and convenience. Perfect for investors seeking a hands-off, income-generating property in a high-demand market. Currently leased to a group of A+ tenants (all female) on a secure 3-year lease term, this property provides immediate cash flow with excellent rental income. Professionally managed, the building is well-maintained and tailored to student needs, ensuring consistent demand year after year.
Broker: RE/MAX REALTY SPECIALISTS INC.
MLS®#: X12383368
Property details
Neighbourhood:
Parking:
No
Parking type:
None
Property type:
Condo Apt
Heating type:
Forced Air
Style:
Apartment
Ensuite laundry:
No
Corp #:
WSCC-630
MLS Size:
1200-1399 sqft
Listed on:
Sep 5, 2025
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Bedroom | 0.0 x 0.0 ft | |
Bedroom | 0.0 x 0.0 ft | |
Bedroom | 0.0 x 0.0 ft |
Show all
Instant estimate:
orto view instant estimate
$21,047
lower than listed pricei
High
$557,067
Mid
$527,953
Low
$512,298
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Included in Maintenance Fees
Heat
Water
Building Insurance
Common Element
1/28
$560,000
111 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $922
MLS#: X12362585
ROYAL LEPAGE SIGNATURE REALTY
1/25
$579,900
142 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $921
MLS#: X12308379
RE/MAX PRESIDENT REALTY
1/36
$525,000
36 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12525442
ROYAL LEPAGE SIGNATURE REALTY
1/41
$529,000
47 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $781
MLS#: X12485550
ROYAL LEPAGE SIGNATURE REALTY