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.
ROYAL LEPAGE SIGNATURE REALTY
$560,000
301 - 261 Lester Street, Waterloo, Ontario
5 Bedrooms
2 Bathrooms
1349 Sqft
Property
MLS® Number: 40763189
Address: 301 - 261 Lester Street
City: Waterloo
Style: 1 Storey/Apt
Exterior: Brick
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
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Property Sale History
Travel and Neighbourhood
80/100Walk Score®
Very Walkable
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Location
