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Royal LePage
Royal LePage
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$560,000

5 Beds

2 Baths

1349 FEETSQ

QuickQuoteTM: $543K - $648K

Waterloo ON, N2L 3W6

MLS® # 40763189

Property Information:

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 ofWaterloo's university district! This purpose-built 5-bedroom, 2-bathroomcondo at 261 Lester St has the potential to generate over $52,000/year ingross rental income with positive monthly cash flow. Just steps to WilfridLaurier University and the University of Waterloo, this high-demandlocation ensures consistent tenancy. Features include a spaciousopen-concept living area, two full baths, included furniture, andprofessional property management options for a completely hands-offexperience. Condo fees include heat and water, and the building offersparking, shared laundry, elevator access, and proximity to transit, shops,and amenities. The seller will provide one year of professional propertymanagement or offer the cash value as part of the sale. Photos arevirtually decluttered.

Inclusions: Dishwasher,Furniture,Range Hood,Refrigerator,Stove

Building Features:

  • Floor Space: 1349 Square Feet

Property Features:

  • Bedrooms: 5
  • Bathrooms: 2+0
  • Architectural Style: 1 Storey/Apt
  • Association Amenities: Elevator(s), Parking
  • Condo Fees: $922
  • Construction Materials: Brick
  • Cooling: Central Air
  • Driveway Parking: None
  • Floor Space (approx): 1349 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Elevator, Other
  • Laundry Features: Coin Operated, In-Suite
  • Lot Features: Urban, Ample Parking, Place of Worship, Public Parking, Public Transit, Schools, Other
  • Roof: Other
  • Water Source: Municipal
  • Zoning: GR
  • Sewer: Sewer (Municipal)

Rooms:

  • Living Main Level 4.11 X 2.59
  • Kitchen Main Level 5.11 X 4.88
  • Bedroom Main Level 3.99 X 2.51
  • Bedroom Main Level 3.86 X 3.66
  • Bedroom Main Level 3.99 X 3.15
  • Bedroom Main Level 4.19 X 3.73
  • Bedroom Main Level 4.06 X 3.10
  • Bathroom Main Level
  • Bathroom Main Level

This listing content provided by Brokers PlaybookTM

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Location of 301-261 Lester Street, Waterloo, ON, N2L 3W6

Demographic Information of 301-261 Lester Street, Waterloo, ON, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$57,403.85

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.84 %

High school certificate or equivalent

44.01 %

Apprenticeship trade certificate/diploma

0.88 %

College/non-university certificate

7.85 %

University certificate (below bachelor)

1.23 %

University Degree

44.19 %

Commuter

Travel To Work

By Car

51.37 %

By Public Transit

25.77 %

By Walking

16.99 %

By Bicycle

2.1 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.02 %

Houses

5.98 %

Own Vs. Rent

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