261 Lester St, Unit #301
Waterloo
$519,000
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Home Details
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Listing Description
Room #1 - $900, ending Aug 25, 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. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered.
Fridge, Stove, Hood Fan, B/I Dishwasher
City: Waterloo
Property History
Rooms
Room dimensions for 261 Lester St, Unit #301, Waterloo
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 261 Lester St301 is 3805
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $519000 |
| Down Payment | $103800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $415200 |
Monthly Payment
| Mortgage Payment | $2559 |
| Property Taxes | $324 |
| Maintenance Fees | $922 |
| Monthly Payment | $3805 |
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About 261 Lester St, Unit #301, Waterloo
Located at 261 Lester St Unit #301, this Waterloo condo is available for sale. This property was listed for $519,000 on Fri Jan 23 2026. This condo's size is 1200-1399 Sqft. It has 5 bedrooms and 2 bathrooms. Monthly maintenance is $922 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, 2nd Br, 3rd Br, 4th Br, 5th Br. This property also comes with a locker. Heat is included with this property.
MLS#: X12725196 · $519,000 · 5 bedroom condo in Waterloo