QuickQuote^TM: $402K - $539K

Waterloo ON, N2L 3W6

MLS® # 40800630

Property Information:

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. (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Basement Type: None
Construction Style - Attachment: Attached
Exterior Finish: Brick
Floor Space: 1349 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Refrigerator, Stove, Hood Fan

Property Features:

OwnershipType: Condominium
Property Type: Single Family
Bedrooms: 5
Bathrooms: 2
Access Type: Road access
Amenities Nearby: Public Transit, Schools
Condo Fees: $922 Monthly
Features: Laundry- Coin operated
Floor Space (approx): 1349 Square Feet
MaintenanceFee Type: Insurance, Heat, Water
Zoning: GR
Sewer: Municipal sewage system
Parking Type: Underground, None

Rooms:

Bathroom Main Level Measurements not available
Bathroom Main Level Measurements not available
Bedroom Main Level 13'9'' x 12'3''
Bedroom Main Level 13'4'' x 10'2''
Bedroom Main Level 12'8'' x 12'0''
Bedroom Main Level 13'1'' x 10'4''
Bedroom Main Level 13'1'' x 8'3''
Kitchen Main Level 16'9'' x 16'0''
Living Main Level 13'6'' x 8'6''

QuickQuote^TM

Approximate value for 5 bed, 2 bath condo in this area is:

List Price
below Estimate List Price
above Estimate

$519,000

List Price

$401,965

$538,998

Low Estimate

High Estimate

Market Price Trends

Location of 261 LESTER Street Unit# 301, Waterloo, Ontario, N2L 3W6

Lifestyle
Neighbourhood

Demographic Information of 261 LESTER Street Unit# 301, Waterloo, Ontario, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$57,403.85

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.84 %

High school certificate or equivalent

44.01 %

Apprenticeship trade certificate/diploma

0.88 %

College/non-university certificate

7.85 %

University certificate (below bachelor)

1.23 %

University Degree

44.19 %

Commuter

Travel To Work

By Car

51.37 %

By Public Transit

25.77 %

By Walking

16.99 %

By Bicycle

2.1 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.02 %

Houses

5.98 %

Own Vs. Rent

More Detail

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Rating:

Notes:

Poonam Taggar

Royal LePage Signature Realty , Brokerage*

Direct 905.568.2121

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261 LESTER Street Unit# 301, Waterloo, Ontario, N2L 3W6