Maintenance fees
$922.00
Locker
None
Exposure
E
Possession
Flexible
Price per sqft
$400 - $467
Taxes
$3,627 (2024)
Outdoor space
-
Age of building
8 years old
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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®#: X12362585
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:
Aug 25, 2025
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Bedroom 5 | 13.8 x 12.2 ft | |
Bedroom 3 | 12.7 x 12.0 ft | |
Living Room | 13.5 x 8.5 ft |
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Instant estimate:
orto view instant estimate
$2,522
lower than listed pricei
High
$588,221
Mid
$557,478
Low
$540,948
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Included in Maintenance Fees
Heat
Water
Building Insurance
Common Element
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
1/6
$599,900
169 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $657
MLS#: X12013783
HOMELIFE/FUTURE REALTY INC.