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. (id:4069)
Address
261 LESTER Street Unit# 301
List Price
$560,000
Property Type
Single Family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
5
Bathrooms
2
Floor Area
1,349 Sq. Ft.
Maint. Fee
$922.00
MLS® Number
40763189
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement Area
None
Postal Code
N2L3W6
Zoning
GR
Site Influences
Place of Worship, Public Transit, Schools
Features
Laundry- Coin operated
