Unit 504, 261 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
261 Lester5 storeys, 20 suites, built 2017- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1200–1399Sq Ft
- $3,627Tax
- $921/moCondo Fee
Estimated Value:$514,532See 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 504, 261 Lester Street, Waterloo, Beechwood/University
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About Unit 504, 261 Lester Street, Waterloo, Beechwood/University
Summarized Description
- Fully furnished, ready for immediate rental income.
- Turn-key investment with current tenants in place.
- Spacious 5-bedroom layout ideal for student housing.
- Located steps from Waterloo and Laurier Universities.
- Large common area with L-shaped kitchen.
- Bright rooms with large windows for natural light.
- One of the largest units on Lester St.
- Situated in the vibrant heart of the city.
Fully Furnished 1349 Sq Ft Property, one of the largest units on Lester St, Features 5 Spacious bedrooms 2 full bathrooms, fully tenanted, turn-key investment, each room has large windows, 1 bed, mattress, study table and chair, Steps to the Waterloo University campus & Laurier University. Situated in the heart of the city. A Large Common Area Including L Shaped Kitchen. Buyer to assume current tenants.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,627
- Land Transfer Tax Fee
- $8,073
Condo/Maintenance Fee
- Maintenance Fee
- $921 /month
Included In Maintenance Fee
- Water Included
- Common Elements Included
- Basement Type
- None
Interior Features
- Pets Permitted
- No
- Laundry Features
- Coin Operated, In Building
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Approx Age
- 16-30
- Condo Corp Number
- 630
Construction
- Exposure
- North East
- Exterior Finish
- Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- Fridge, Stove, Dishwasher, Microwave, Window Coverings, Existing Furniture and All 'ELF'S
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—Flat level, Ceramic Floor, Window, Combined w/Dining
- Dining Room—Flat level, Ceramic Floor, Window, Combined w/Living
- Kitchen—Flat level, Ceramic Floor, Open Concept
- Bedroom—Flat level, Window, Broadloom, Closet
- Bedroom 2—Flat level, Window, Broadloom, Closet
- Bedroom 3—Flat level, Window, Broadloom, Closet
- Bedroom 4—Flat level, Window, Broadloom, Closet
- Bedroom 5—Flat level, Window, Broadloom, Closet
Washrooms
- 4-piece, Flat
- 3-piece, Flat
- Municipality
- Waterloo
- Neighbourhood
- Beechwood/University
- Main cross streets
- University Ave W/Lester St
- Directions
- University Ave W/Lester St
- MLS® number
- X12308379
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-03-01
- Listed on
- 2025-07-25
- Days on market
- 219 days
- Possession type
- Flexible
- Co-op commission
- 2.5%+ $ 5000 Bonus
- Seller
- Listed by
- RE/MAX PRESIDENT REALTY
Home Market Value
Current home valuation for Unit 504, 261 Lester Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $579,900
HOMEH Estimate
$514,532
Estimated Sales Range
$406,480 - $622,584
HOMEH Estimate for Unit 504, 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 $79,900 over $500K
$32,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $21,874 | $16,179 | $13,802 | $0 |
=Total mortgage | $568,720 | $538,089 | $506,717 | $463,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,777monthly | $2,627monthly | $2,474monthly | $2,265monthly |
Land Transfer Tax
$8,073
$8,073
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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