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. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered.
For sale
C$519,000
261 Lester St #301, Waterloo, ON N2L 3W6
5beds
1,349sqft
Condo/Apt Unit, Residential, Condominium
Built in ----
-- sqft lot
$-- Zestimate®
C$385/sqft
C$922/mo HOA
What's special
- 76 days |
- 5 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: January 26, 2026 at 12:53pm
Listed by:
Poonam Taggar, Salesperson,
ROYAL LEPAGE SIGNATURE REALTY
Source: ITSO,MLS®#: 40800630Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 5
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom
- Features: 4-Piece
- Level: Main
Bathroom
- Features: 4-Piece
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range Hood, Refrigerator, Stove
- Laundry: Coin Operated, In-Suite
Features
- Elevator, Ventilation System, Other
- Basement: None,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,349
- Total interior livable area: 1,349 sqft
- Finished area above ground: 1,349
Property
Parking
- Parking features: No Driveway Parking
Features
- Frontage type: East
Lot
- Features: Urban, Ample Parking, Place of Worship, Public Parking, Public Transit, Schools, Other
Details
- Parcel number: 236300010
- Zoning: GR
Construction
Type & style
- Home type: Condo
- Architectural style: 1 Storey/Apt
- Property subtype: Condo/Apt Unit, Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Other
- Roof: Other
Condition
- 16-30 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Elevator(s), Parking
- Services included: Insurance, Central Air Conditioning, Common Elements, Heat, Snow Removal, Water
- HOA fee: C$922 monthly
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: C$385/sqft
- Annual tax amount: C$3,891
- Date on market: 1/23/2026
- Inclusions: Dishwasher, Furniture, Range Hood, Refrigerator, Stove
Poonam Taggar, Salesperson
Poonam Taggar, Salesperson
(647) 668-2233
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Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Listed for sale | C$519,000C$385/sqft |
Source:  TRREB #X12725196 Report a problem | ||
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 301
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