Unit 203, 261 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
261 Lester5 storeys, 20 suites, built 2017- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1200–1399Sq Ft
- $3,837Tax
- $941/moCondo Fee
Estimated Value:$525,612See 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 203, 261 Lester Street, Waterloo, Beechwood/University
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-04-16 | 2026-09-30 | Login to See Prices | Expired | x13014842 |
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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 203, 261 Lester Street, Waterloo, Beechwood/University
Summarized Description
- Fully tenanted with $4325 monthly income.
- Walking distance to Waterloo University.
- Five separate rooms for student rental.
- Safe building with security features.
- Option for hands-off investment management.
- No vacancies, attracts quality tenants.
- Can be provided vacant for new owner.
Attn Investors: $4325.00 Monthly Income From This Fully Tenanted Student Rental (On Signed Lease With A++ Tenant Group). Can be provided Vacant. Walking Distance To Waterloo U. Five Separate Rooms With A Shared Kitchen, And Two Shared Baths. Safe Building W/Security, Attracts The Best Students. No Vacancies! Option For Hands Off Investment With On-Site Property Management For 6% Monthly Fee Or Can Self-Manage. Act Now, This Won't Last!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,837
- Land Transfer Tax Fee
- $8,255
Condo/Maintenance Fee
- Maintenance Fee
- $941 /month
Included In Maintenance Fee
- Heat Included
- Common Elements Included
- Water Included
- Basement Type
- None
Interior Features
- Pets Permitted
- No
- Laundry Features
- Coin Operated, In Building, Laundry Room
- Laundry Level
- Lower Level
- 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, Other
- Special Designation
- Unknown
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- Common
- 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
Washrooms
- 3-piece, Main
- Municipality
- Waterloo
- Neighbourhood
- Beechwood/University
- Main cross streets
- University/ Lester
- Directions
- University/ Lester
- MLS® number
- X13014842
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-09-30
- Listed on
- 2026-04-16
- Days on market
- 167 days
- Possession type
- Immediate
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- RE/MAX REALTY SPECIALISTS INC.
Home Market Value
Current home valuation for Unit 203, 261 Lester Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $589,000
HOMEH Estimate
$525,612
Estimated Sales Range
$457,989 - $628,070
HOMEH Estimate for Unit 203, 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 $89,000 over $500K
$33,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $22,194 | $16,433 | $14,018 | $0 |
=Total mortgage | $577,032 | $546,533 | $514,668 | $471,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,817monthly | $2,668monthly | $2,513monthly | $2,301monthly |
Land Transfer Tax
$8,255
$8,255
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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