261 Lester St, Waterloo, ON N2L 3W6, Canada
261 Lester St, Waterloo, ON N2L 3W6, CanadaBasics
- Date added: Added 1 month ago
- Category: Residential
- Type: Condo/Apt Unit
- Status: Active
- Bedrooms: 5
- Bathrooms: 2
- Area: 1349 sq ft
- Bathrooms Half: 0
- Rooms Total: 9
- County Or Parish: Waterloo
- Bathrooms Full: 2
- MLS ID: 40763189
Description
-
Description:
Room #1 - $900, ending Aug 26, 2025, #2 - $900, ending Aug 26, 2025, #3 -
Show all description
$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.
Location
- Parking Total: 0
- Directions: University Ave W / Lester St
- Direction Faces: East
Building Details
- Number Of Units Total: 0
- Building Area Total: 1349 sq ft
- Number Of Buildings: 0
- Construction Materials: Brick
- Roof: Other
Amenities & Features
- Water Source: Municipal
- Architectural Style: 1 Storey/Apt
- Appliances: Dishwasher, Range Hood, Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Cooling: Central Air
- Interior Features: Elevator, Other
- Heating: Forced Air, Natural Gas
- Frontage Type: East
