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301 - 261 Lester Street Waterloo, Ontario N2L 3W6

5 Bedroom 2 Bathroom 1200 - 1399 sqft
Central Air Conditioning Forced Air

$560,000

Maintenance, Common Area Maintenance, Heat, Insurance, Water

$922 Monthly

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 253 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:60365)

Property Details

MLS® Number X12362585
Property Type Single Family
CommunityFeatures Pet Restrictions
Features Laundry- Coin Operated

Building

BathroomTotal 2
BedroomsAboveGround 5
BedroomsTotal 5
Age 16 To 30 Years
Appliances Dishwasher, Hood Fan, Stove, Refrigerator
CoolingType Central Air Conditioning
ExteriorFinish Brick
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 1200 - 1399 Sqft
Type Apartment

Parking

No Garage

Land

Acreage No

Rooms

Level Type Dimensions
Main Level Living Room 4.11 m x 2.59 m
Main Level Kitchen 5.11 m x 4.88 m
Main Level Bedroom 3.99 m x 2.51 m
Main Level Bedroom 2 3.99 m x 3.15 m
Main Level Bedroom 3 3.86 m x 3.66 m
Main Level Bedroom 4 4.06 m x 3.1 m
Main Level Bedroom 5 4.19 m x 3.73 m

https://www.realtor.ca/real-estate/28773002/301-261-lester-street-waterloo

Sumit Taggar
Salesperson

Royal LePage Signature Realty
201-30 Eglinton Ave West
Mississauga, Ontario L5R 3E7

Poonam Taggar
Salesperson

Royal LePage Signature Realty
30 Eglinton Ave W Ste 7
Mississauga, Ontario L5R 3E7

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August 25 2025 05:13:51

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Royal LePage Signature Realty

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