Maintenance, Common Area Maintenance, Heat, Insurance, Water
$922 MonthlyRoom #1 - $900, ending Apr 30, 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. Photos are virtually decluttered. (id:56069)
| MLS® Number | X12725196 |
| Property Type | Single Family |
| Community Features | Pets Allowed With Restrictions |
| Features | Laundry- Coin Operated |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 16 To 30 Years |
| Amenities | Storage - Locker |
| Appliances | Dishwasher, Hood Fan, Stove, Refrigerator |
| Basement Type | None |
| Cooling Type | Central Air Conditioning, Ventilation System |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,200 - 1,399 Ft2 |
| Type | Apartment |
| No Garage |
| Acreage | No |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 4.11 m | 2.59 m | 4.11 m x 2.59 m |
| Main Level | Kitchen | 5.11 m | 4.88 m | 5.11 m x 4.88 m |
| Main Level | Bedroom | 3.99 m | 2.51 m | 3.99 m x 2.51 m |
| Main Level | Bedroom 2 | 3.99 m | 3.15 m | 3.99 m x 3.15 m |
| Main Level | Bedroom 3 | 3.86 m | 3.66 m | 3.86 m x 3.66 m |
| Main Level | Bedroom 4 | 4.06 m | 3.1 m | 4.06 m x 3.1 m |
| Main Level | Bedroom 5 | 4.19 m | 3.73 m | 4.19 m x 3.73 m |
https://www.realtor.ca/real-estate/29284972/301-261-lester-street-waterloo
Contact us for more information
Sumit Taggar
Salesperson
(905) 568-2121
(905) 568-2588
Poonam Taggar
Salesperson
(905) 568-2121
(905) 568-2588
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
