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.
For sale
C$549,000
261 Lester St #101, Waterloo, ON N2L 3W6
5beds
2baths
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$941/mo HOA
What's special
Purpose-built for student livingModern layoutComfort and convenience
- 204 days |
- 3 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: November 20, 2025 at 12:19am
Listed by:
RE/MAX REALTY SPECIALISTS INC.
Source: TRREB,MLS®#: X12383368
Originating MLS®#: Toronto Regional Real Estate Board
Originating MLS®#: Toronto Regional Real Estate BoardFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Bedroom
- Description: Bedroom
- Level: Main
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom
- Description: Bedroom
- Level: Main
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom
- Description: Bedroom
- Level: Main
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom
- Description: Bedroom
- Level: Main
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom
- Description: Bedroom
- Level: Main
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Kitchen
- Description: Kitchen
- Level: Main
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Living room
- Description: Living Room
- Level: Main
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Laundry: Coin Operated
Features
- None
- Basement: None
- Has fireplace: No
Interior area
- Living area range: 1200-1399 null
Property
Parking
- Parking features: None
- Has attached garage: Yes
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick
Community & HOA
HOA
- Services included: Common Elements Included, Heat Included, Building Insurance Included, Water Included
- HOA fee: C$941 monthly
- HOA name: WSCP
Location
- Region: Waterloo
Financial & listing details
- Annual tax amount: C$3,891
- Date on market: 9/5/2025
RE/MAX REALTY SPECIALISTS INC.
RE/MAX REALTY SPECIALISTS INC.
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Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: N2L
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Ontario
- Waterloo Regional Municipality
- Waterloo
- N2L 3W6
- 261 Lester St Unit 101
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