For Sale

261 Lester Street Unit# 301, Waterloo, Ontario N2L 3W6

$560,000

261 Lester Street Unit# 301, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 560,000. The property is located in the Waterloo . It's been on the website for 21 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12362585
  • Office Name ROYAL LEPAGE SIGNATURE REALTY
Property Description

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.

Property Details
  • Property Type: Condo
  • Listing Type: For Sale
  • Listing ID: X12362585
  • Price: $560,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Ref ID: X12362585
  • Approx Sqft: 1200-1399
  • Dir / Cross St: University Ave W & Lester St
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 16-30
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
08/25/2025 X12362585 $560,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $803,906 Average List Price
    based on 1 year
  • 272 New Listings
    based on 30 days
  • 64 Median Days on Market
    based on 1 year
  • List vs. Selling Price 113.6 % Up
  • Sold (12mo) 627
  • Rented (12mo) 238

  • 1 Month Change +25.2%
  • 3 Month Change -10.2%
  • 6 Month Change -12.6%
Walkscore
  • 80 Walk Score
    Very Walkable
  • 70 Transit Score
    Excellent Transit
  • 89 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    45.24%
  • Commercial
    6.42%
  • Condo
    48.24%
  • Land for Sale
    0.11%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Apartment
  • Washroom Type1: 1
  • Heating System Y
  • Garage Type Y
  • Parking Spaces: N/A
  • Exterior Brick
  • Kitchen Y
  • Parking Y
  • Family Room: 1
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 2: 1
  • Taxes: $3,627
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 25/08/2025 15:50:14
  • Laundry Access: Coin Operated
  • Condo Registry Office: WSCC
  • Locker: None
  • Property Mgmt Co: C.I.E Property Management
  • Condo Corp#: 630
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