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

$560,000

MLS® # X12362585

Condo For Sale In Columbia, Waterloo, Ontario

$560,000

  • 5

    Bedrooms

  • 2

    Baths

  • $922

    Maintenance Fees

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 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.

Inclusions: Fridge, Stove, Hood Fan, B/I Dishwasher

Exclusions : Tenants Belongings

Property Features:

  • Bedrooms: 5
  • Bathrooms: 2
  • Annual Tax Amount: $3,891
  • Approximate Age: 16-30
  • Architectural Style: Apartment
  • Association Fee Includes: CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Water Included
  • Basement: None
  • Condo Fees: $922 Monthly
  • Construction Materials: Brick
  • Cooling: Central Air
  • Floor Space (approx): 1200-1399 Square Feet
  • Garage Type: None
  • Heat Type: Forced Air
  • Interior Features: Other
  • Laundry Features: Coin Operated
  • Parking Features: None
  • Heat Source: Gas

Rooms:

  • Living Main Level 4.11 m x 2.59 m
  • Kitchen Main Level 5.11 m x 4.88 m
  • Bedroom Main Level 3.99 m x 2.51 m
  • Bedroom Main Level 3.99 m x 3.15 m
  • Bedroom Main Level 3.86 m x 3.66 m
  • Bedroom Main Level 4.06 m x 3.1 m
  • Bedroom Main Level 4.19 m x 3.73 m

Courtesy of: Royal LePage Signature Realty

Data provided by: Toronto Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Additional Photos