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261 Lester Street , #101

Waterloo, ON N2L 3W6
  • $549,000
  • STATUS: Active
  • ON SITE: 70 Days
  • ID#: X12383368
UPDATED: 77 min ago
$549,000
  • 5
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1200-1399
    SQFT
Neighbourhood:
Type:
Condo
County:
On
Area:

School Ratings & Info

Description

Turnkey Student Rental Investment Fully Furnished 5 Bed, 2 Bath at 261 Lester St. Prime opportunity to own in one of Waterloos most sought-after student rental buildings, just steps from the University of Waterloo. This spacious 5-bedroom, 2-bathroom unit is purpose-built for student living, offering a modern layout designed for comfort and convenience. Perfect for investors seeking a hands-off, income-generating property in a high-demand market. Currently leased to a group of A+ tenants (all female) on a secure 3-year lease term, this property provides immediate cash flow with excellent rental income. Professionally managed, the building is well-maintained and tailored to student needs, ensuring consistent demand year after year.

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Listing information © 2025 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or The Neil McIntyre Real Estate Team | Re/Max Realty Services Inc.. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2025-11-15T11:41:56.797.
www.searchgreatertoronto.com/homes/167635062
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261 Lester Street , #101 Waterloo, ON N2L 3W6

  • Price: $549,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 77 min ago
  • ID#: X12383368
5
Beds
2
Baths
0
½ Baths
N/A
Acres
1200-1399
SQFT
$423
$/SQFT
Neighbourhood:
Waterloo
County:
On
Area:
Waterloo
Property Description
Turnkey Student Rental Investment Fully Furnished 5 Bed, 2 Bath at 261 Lester St. Prime opportunity to own in one of Waterloos most sought-after student rental buildings, just steps from the University of Waterloo. This spacious 5-bedroom, 2-bathroom unit is purpose-built for student living, offering a modern layout designed for comfort and convenience. Perfect for investors seeking a hands-off, income-generating property in a high-demand market. Currently leased to a group of A+ tenants (all female) on a secure 3-year lease term, this property provides immediate cash flow with excellent rental income. Professionally managed, the building is well-maintained and tailored to student needs, ensuring consistent demand year after year.
Exterior Features

Architectural Style Apartment Attached Garage YN True Balcony Type None Construction Materials Brick Garage Type None Garage YN No

Interior Features

Basement None Bedrooms Above Grade 5 Central Vacuum YN No Cooling Central Air Cooling YN Yes Den Familyroom YN No Ensuite Laundry YN No Fireplace YN No Heat Type Forced Air Heating YN Yes Interior Features None Kitchens Above Grade 1 Kitchens Total 1 Laundry Features Coin Operated Rooms Living Room (Main Level Ceramic Floor Window) Kitchen (Main Level Ceramic Floor Open Concept Eat-in Kitchen) Bedroom (Main Level Broadloom Window Closet) Bedroom (Main Level Broadloom Window Closet) Bedroom (Main Level Broadloom Window Closet) Bedroom (Main Level Broadloom Window Closet) Bedroom (Main Level Broadloom Window Closet) Rooms Above Grade 7 Rooms Total 8 Washrooms Type1 2 Washrooms Type1 Level Main Washrooms Type1 Pcs 4

Property Features

Association Fee 941.24 Association Fee Includes Common Elements IncludedHeat IncludedBuilding Insurance IncludedWater Included Covered Spaces 0 Exposure East Heat Source Gas Occupant Type Tenant Parking Features None Parking Spaces 0 Parking Total 0 Pets Allowed Yes-with Restrictions Property Attached YN Yes Property Sub Type Condo Apartment Property Type Residential Condo & Other Special Designation Unknown Tax Annual Amount 3891.75 Tax Year 2025 Transaction Type For Sale Waterfront YN No

Listing courtesy of RE/MAX REALTY SPECIALISTS INC..
Listing information © 2025 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or The Neil McIntyre Real Estate Team | Re/Max Realty Services Inc.. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2025-11-15T11:41:56.797.
 
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