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.
Property Type:
Residential
Property SubType:
Condo/Apt Unit
Listing General Location:
417 - Beechwood/University, 4 - Waterloo West
Bedrooms:
5
Bathrooms:
2.0
(Full:2/Half:0)
Frontage Type:
East
Kitchens:
1
Home Style:
1 Storey/Apt
County Or Parish:
Waterloo
Property Attached:
Attached
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Data was last updated November 2, 2025 at 09:50 PM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$499,500
Min list price:
$279,900
Max list price:
$1,895,000
Avg days on market:
47
Min days on market:
2
Max days on market:
361
Avg price per sq.ft.:
$465.78
These statistics are generated based on the current listing's property type
and located in
417 - Beechwood/University. Average values are
derived using median calculations. This data is not produced by the MLS® system.