261 Lester St, Unit #101
Waterloo
$549,000
Buy with Dwelly and Save $5,490
Home Details
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Listing Description
Turnkey Student Rental Investment Fully Furnished 5 Bed, 2 Bath at 261 Lester St. Prime opportunity to own in one of Waterloos most sought-after student rental buildings, just steps from the University of Waterloo. This spacious 5-bedroom, 2-bathroom unit is purpose-built for student living, offering a modern layout designed for comfort and convenience. Perfect for investors seeking a hands-off, income-generating property in a high-demand market. Currently leased to a group of A+ tenants (all female) on a secure 3-year lease term, this property provides immediate cash flow with excellent rental income. Professionally managed, the building is well-maintained and tailored to student needs, ensuring consistent demand year after year.
All Electric Light Fixtures, All Window Coverings and Blinds, All Appliances, HVAC, Furniture. New $9000 heat exchanger/HVAC system installed in 2024 - warranty info available.
City: Waterloo
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Apr 30, 2022 | 92 | $619,000 | N/A | Expired | X5598141 |
Rooms
Room dimensions for 261 Lester St, Unit #101, Waterloo
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 261 Lester St101 is 3972
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $549000 |
| Down Payment | $109800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $439200 |
Monthly Payment
| Mortgage Payment | $2706 |
| Property Taxes | $324 |
| Maintenance Fees | $941 |
| Monthly Payment | $3972 |
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About 261 Lester St, Unit #101, Waterloo
Located at 261 Lester St Unit #101, this Waterloo condo is available for sale. This property was listed for $549,000 on Fri Sep 05 2025. This condo's size is 1200-1399 Sqft. It has 5 bedrooms and 2 bathrooms. Monthly maintenance is $941 per month and taxes are approximately $3,892 annually. Views are to the East from this property. Step outside onto the open balcony. The property includes the following rooms: Living, Kitchen, Br, Br, Br, Br, Br. This property also comes with a locker. Heat is included with this property.
MLS#: X12383368 · $549,000 · 5 bedroom condo in Waterloo