261 Lester Street Unit# 301

- $560,000

Waterloo, N2L3W6
MLS ® 40763189

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. (id:38551)

Features

  • Laundry- Coin Operated

Location

Details

261 Lester Street Unit# 301, , Waterloo

  • Land

    Unknown

  • Bedrooms

    5 Bedroom(s)

    5
  • Bathrooms
    2
  • Parking

    Underground, None

    0

Rooms

261 Lester Street Unit# 301, , Waterloo

  • 4pc Bathroom

    main level

    Measurements not available
  • 4pc Bathroom

    main level

    Measurements not available
  • Bedroom

    main level

    13'9'' x 12'3''
  • Bedroom

    main level

    13'4'' x 10'2''
  • Bedroom

    main level

    12'8'' x 12'0''
  • Bedroom

    main level

    13'1'' x 10'4''
  • Bedroom

    main level

    13'1'' x 8'3''
  • Kitchen

    main level

    16'9'' x 16'0''
  • Living Room

    main level

    13'6'' x 8'6''