Maintenance fees
$922.00
Locker
-
Exposure
-
Possession
-
Price per sqft
$415
Taxes
$3,627 (2024)
Outdoor space
-
Age of building
8 years old
See what's nearby
Description
Room #1 - $900, ending Aug 26, 2025, #2 - $900, ending Aug 26, 2025, #3 -
$750, ending Aug 26, 2025, #4 - $900, ending Aug 26, 2025, #5 - $900,
ending Aug 26, 2025. 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 over $52,000/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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: 40763189
Property details
Neighbourhood:
Parking:
-
Parking type:
-
Property type:
Condo Apt
Heating type:
Forced Air
Style:
1 Storey/Apt
Ensuite laundry:
-
MLS Size:
1349 sqft
Listed on:
Aug 25, 2025
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Living Room | 4.11 x 2.59 ft | |
Kitchen | 5.11 x 4.88 ft | |
Bedroom | 3.99 x 2.51 ft |
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Elevator
Included in Maintenance Fees
Heat
Water
Building Insurance
Common Element
1/28
$560,000
1 day
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $922
MLS#: X12362585
ROYAL LEPAGE SIGNATURE REALTY
1/25
$579,900
32 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $921
MLS#: X12308379
RE/MAX PRESIDENT REALTY
1/19
$599,999
113 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $657
MLS#: X12126034
EXP REALTY
1/12
$599,999
113 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $657
MLS#: X12126011
EXP REALTY