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About the Listing MI39 - MI4512
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.
Listing Highlights for 261 Lester St Unit 301
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Dishwasher, Range Hood, Refrigerator, Stove
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1349
- Below Ground Sq Ft: n/a
- Basement:
- Other: Elevator
- Water: Municipal
Exterior Details
- Lot Description: Urban,Ample Parking,Place of Worship,Public Parking,Public Transit,Schools
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: GR
- Roof: Other
- Others:
- Sewer: Sewer (Municipal)
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 236300010
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
261 Lester St Unit 301 Waterloo, ON N2L 3W6
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