Unit 101, 261 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
261 Lester5 storeys, 20 suites, built 2017- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1200–1399Sq Ft
- $3,892Tax
- $941/moCondo Fee
Estimated Value:$534,351See Free Estimate Report
Property not available for sale or for rent.
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit 101, 261 Lester Street, Waterloo, Beechwood/University
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-09-05 | 2026-04-01 | Login to See Prices | Expired | x12383368 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Unit 101, 261 Lester Street, Waterloo, Beechwood/University
Summarized Description
- Turnkey investment opportunity for student rentals.
- Fully furnished 5-bedroom, 2-bathroom unit.
- Purpose-built for student living near university.
- Currently leased to reliable A+ tenants.
- Secure 3-year lease ensures immediate cash flow.
- Well-maintained building tailored for student needs.
- High-demand market guarantees consistent rental income.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,892
- Land Transfer Tax Fee
- $7,455
Condo/Maintenance Fee
- Maintenance Fee
- $941 /month
Included In Maintenance Fee
- Common Elements Included
- Heat Included
- Building Insurance Included
- Water Included
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Coin Operated
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Condo Corp Number
- 630
Construction
- Exposure
- East
- Exterior Finish
- Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- 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.
Exclusions
- Exclusions
- ALL TENANT BELONGINGS
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- None
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Lockers
- Locker Type
- None
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Living Room—Main level, Ceramic Floor, Window
- Kitchen—Main level, Ceramic Floor, Open Concept, Eat-in Kitchen
- Bedroom—Main level, Broadloom, Window, Closet
- Bedroom—Main level, Broadloom, Window, Closet
- Bedroom—Main level, Broadloom, Window, Closet
- Bedroom—Main level, Broadloom, Window, Closet
- Bedroom—Main level, Broadloom, Window, Closet
Washrooms
- 4-piece, Main
- Area
- Waterloo
- Municipality
- Waterloo
- Neighbourhood
- Beechwood/University
- Main cross streets
- University/Lester
- Directions
- University/Lester
- MLS® number
- X12383368
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-01
- Listed on
- 2025-09-05
- Days on market
- 208 days
- Possession date
- 2025-09-05
- Possession type
- Flexible
- Co-op commission
- 2.25% + HST
- Seller
- Listed by
- RE/MAX REALTY SPECIALISTS INC.
Home Market Value
Current home valuation for Unit 101, 261 Lester Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $549,000
HOMEH Estimate
$534,351
Estimated Sales Range
$422,137 - $646,565
HOMEH Estimate for Unit 101, 261 Lester Street, Waterloo, Beechwood/University
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $49,000 over $500K
$29,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $20,752 | $15,317 | $13,066 | $0 |
=Total mortgage | $539,557 | $509,417 | $479,716 | $439,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,634monthly | $2,487monthly | $2,342monthly | $2,144monthly |
Land Transfer Tax
$7,455
$7,455
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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