261 Lester Street, Unit #301
Waterloo
$519,000
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Home Details
Buy with Dwelly and save
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Listing Description
Room #1 - $900, ending Apr 30, 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. Photos are virtually decluttered.
City: Waterloo
Mortgage Calculator
Your estimated monthly payment for 261 Lester Street301 is 3,805
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $519,000 |
| Down Payment | $103,800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $415,200 |
Monthly Payment
| Mortgage Payment | $2,559 |
| Property Taxes | $324 |
| Maintenance Fees | $922 |
| Monthly Payment | $3,805 |
About 261 Lester Street, Unit #301, Waterloo
Located at 261 Lester Street Unit #301, this Waterloo condo is available for sale. This property was listed for $519,000 on Mon Apr 06 2026. It has 5 bedrooms and 2 bathrooms. Monthly maintenance is $922 per month and taxes are approximately $3,892 annually. The property includes the following rooms: .
MLS#: undefined · $519,000 · 5 bedroom condo in Waterloo