$560,000
Available - For Sale
Listing ID: X12362585
261 Lester Stre , Waterloo, N2L 3W6, Waterloo
| 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. |
| Price | $560,000 |
| Taxes: | $3627.00 |
| Occupancy: | Tenant |
| Address: | 261 Lester Stre , Waterloo, N2L 3W6, Waterloo |
| Postal Code: | N2L 3W6 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | University Ave W & Lester St |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 13.48 | 8.5 | |
| Room 2 | Main | Kitchen | 16.76 | 16.01 | |
| Room 3 | Main | Bedroom | 13.09 | 8.23 | |
| Room 4 | Main | Bedroom 2 | 13.09 | 10.33 | |
| Room 5 | Main | Bedroom 3 | 12.66 | 12 | |
| Room 6 | Main | Bedroom 4 | 13.32 | 10.17 | |
| Room 7 | Main | Bedroom 5 | 13.74 | 12.23 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 16-30 |
| Washrooms: | 2 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE SIGNATURE REALTY |
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Hossein Vanishoja
Broker, ABR, SRS, P.Eng
Dir:
416-300-8000
Bus:
888-884-0105
Fax:
888-884-0106
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Condo Apartment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Style: | Apartment |
| Approximate Age: | 16-30 |
| Tax: | $3,627 |
| Maintenance Fee: | $922 |
| Beds: | 5 |
| Baths: | 2 |
| Fireplace: | N |
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