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. 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®#: 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
49 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $922
MLS#: X12725196
ROYAL LEPAGE SIGNATURE REALTY
1/15
$549,000
189 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $941
MLS#: X12383368
RE/MAX REALTY SPECIALISTS INC.
1/42
$569,900
21 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $697
MLS#: X12806348
RE/MAX Solid Gold Realty (II) Ltd
1/39
$569,900
21 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $697
MLS#: X12806244
RE/MAX Solid Gold Realty (II) Ltd