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Key Details
Sold Price -
Property Type Condo
Sub Type Condo/Apt Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 1,349 sqft
MLS Listing ID 40800630
Sold Date -
Style 1 Storey/Apt
Bedrooms 5
Full Baths 2
HOA Fees $922/mo
HOA Y/N Yes
Abv Grd Liv Area 1,349
Annual Tax Amount $3,891
Property Sub-Type Condo/Apt Unit
Source Cornerstone
Property Description
Room #1 - $900, ending Aug 25, 2026, #2 - $750, ending Apr 30, 2026, #3 - $750, ending Aug 26, 2026, #4 - $750, ending Apr 30, 2026, #5 - $750, ending Apr 30, 2026. 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 close to $50,000/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. Photos are virtually decluttered.
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning GR
Direction University Ave W / Lester St
Rooms
Basement None, Unfinished
Kitchen 1
Interior
Interior Features Elevator, Ventilation System, Other
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher, Range Hood, Refrigerator, Stove
Laundry Coin Operated, In-Suite
Exterior
Roof Type Other
Garage No
Building
Lot Description Urban, Ample Parking, Place of Worship, Public Parking, Public Transit, Schools, Other
Faces University Ave W / Lester St
Foundation Other
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 1 Storey/Apt
Structure Type Brick
New Construction No
Others
HOA Fee Include Insurance,Central Air Conditioning,Common Elements,Heat,Snow Removal,Water
Senior Community false
Tax ID 236300010
Ownership Condominium
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