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Front of Unit 301, 261 Lester Street
Unit 301, 261 Lester StreetWaterloo (Downtown Waterloo)
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Ontario Real Estate › Waterloo › Downtown Waterloo › 261 Lester
Front of Unit 301, 261 Lester Street
Unit 301, 261 Lester StreetWaterloo (Downtown Waterloo)
Terminated
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Condo ApartmentMLS X12362585
Last asked:Terminated Jan 23, 2026
$560,000
5 Bedrooms
2 Bathrooms
1.2K~1.4K Sq.Ft.
$922 Fee/mo
East Exposure
$3,892 Tax/yr

Property history

1 saleSign in to see sold prices
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

This listing has ended. It is no longer available.

Property not available for sale or for rent.

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About this home

Unit 301, 261 Lester Street, Waterloo

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.

Other

Facts & features

TypeCondo Apartment
StyleApartment
Built16-30
Size1.2K~1.4K Sq.Ft.
Tax$3,892 (2025)
HeatingForced air, gas
CoolingCentral air

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Rooms

7 rooms · 2 bathrooms
Main floor7 rooms
  • Living room13′6″ × 8′6″115 sq.ft.
  • Kitchen16′9″ × 16′268 sq.ft.
  • Bedroom13′1″ × 8′3″108 sq.ft.
  • Bedroom 213′1″ × 10′4″135 sq.ft.
  • Bedroom 312′8″ × 12′152 sq.ft.
  • Bedroom 413′4″ × 10′2″135 sq.ft.
  • Bedroom 513′9″ × 12′3″168 sq.ft.
Bathrooms2
4-pcMain4-pcMain
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Around this home

University Ave W & Lester St
3Walking

Schools nearby

School rating, out of 10.

Waterloosecondary · Public · 0.7 km
6.2/10
St. Davidsecondary · Private · 1.2 km
8.0/10
Winston Churchillelementary · Public · 1.3 km
4.9/10

Listing details

MLS® numberX12362585
Listed onAug 25, 2025
Days on market151
UpdatedJan 23, 2026
Listing brokerageROYAL LEPAGE SIGNATURE REALTY
PossessionFlexible

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© 2026 HOMEH Inc., Brokerage · RECO Registration #6000380 · 505 Highway 7 East, Units 308 & 309, Thornhill, ON L3T 7T1 · Listing data courtesy of the MLS® System of the listing brokerage, deemed reliable but not guaranteed.

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