Maintenance fees
$922.00
Locker
-
Exposure
-
Possession
-
Price per sqft
$385
Taxes
$3,891 (2025)
Outdoor space
-
Age of building
8 years old
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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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: 40800630
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:
Jan 23, 2026
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Bedroom | 3.99 x 2.51 ft | |
Living Room | 4.11 x 2.59 ft | |
Kitchen | 5.11 x 4.88 ft |
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Elevator
Included in Maintenance Fees
Heat
Water
Building Insurance
Common Element
1/28
$519,000
97 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $922
MLS#: X12725196
ROYAL LEPAGE SIGNATURE REALTY
1/17
$549,900
6 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $697
MLS#: X13041898
RE/MAX TWIN CITY REALTY INC.
1/43
$569,900
69 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $697
MLS#: X12806348
RE/MAX Solid Gold Realty (II) Ltd
1/41
$569,900
69 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $697
MLS#: X12806244
RE/MAX Solid Gold Realty (II) Ltd