For Sale

261 Lester Street Unit# 101, Waterloo, Ontario N2L 3W6

$549,000

261 Lester Street Unit# 101, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 549,000. The property is located in the Waterloo . It's been on the website for 61 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12383368
  • Office Name RE/MAX REALTY SPECIALISTS INC.
Property Description

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.

Property Details
  • Property Type: Condo
  • Listing Type: For Sale
  • Listing ID: X12383368
  • Price: $549,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Ref ID: X12383368
  • Approx Sqft: 1200-1399
  • Dir / Cross St: University/Lester
  • Status: Active
  • Tax Year: 2025
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
09/05/2025 X12383368 $549,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $804,754 Average List Price
    based on 1 year
  • 221 New Listings
    based on 30 days
  • 60 Median Days on Market
    based on 1 year
  • List vs. Selling Price 116.59 % Up
  • Sold (12mo) 659
  • Rented (12mo) 243

  • 1 Month Change +69.8%
  • 3 Month Change +85.5%
  • 6 Month Change +36.5%
Walkscore
Property Type Distribution
  • All Houses
    45.13%
  • Commercial
    6.44%
  • Condo
    48.33%
  • Land for Sale
    0.1%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Apartment
  • Washroom Type1: 2
  • Heating System Y
  • Garage Type Y
  • Parking Spaces: N/A
  • Exterior Brick
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $3,892
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 05/09/2025 13:37:49
  • Laundry Access: Coin Operated
  • Condo Registry Office: WSCP
  • Locker: None
  • Property Mgmt Co: Cie Property Management
  • Condo Corp#: 630
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