Maintenance fees
$922.00
Locker
-
Exposure
E
Possession
Flexible
Price per sqft
$371 - $433
Taxes
$3,891.75 (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®#: X12725196
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:
Jan 23, 2026
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Bedroom 3 | 12.7 x 12.0 ft | |
Kitchen | 16.8 x 16.0 ft | |
Bedroom 2 | 13.1 x 10.3 ft |
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Instant estimate:
orto view instant estimate
$4,348
higher than listed pricei
High
$552,208
Mid
$523,348
Low
$507,830
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Included in Maintenance Fees
Heat
Water
Building Insurance
Common Element
1/15
$549,000
140 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $941
MLS#: X12383368
RE/MAX REALTY SPECIALISTS INC.
1/36
$525,000
76 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12525442
ROYAL LEPAGE SIGNATURE REALTY
1/41
$529,000
87 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $781
MLS#: X12485550
ROYAL LEPAGE SIGNATURE REALTY
1/12
$525,000
99 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12464454
ROYAL LEPAGE SIGNATURE REALTY