$549,000
3.43 BTC
Photos
Map
261 Lester Street 101, Waterloo
$549,000
PRICE
5
BEDROOMS
2
BATHROOMS
X12383368
MLSID

261 Lester Street 101, Waterloo

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.
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Summary

Address
261 Lester Street 101
MLSID
X12383368
Property Type
Condo Apartment
Property Category
Bedrooms
5
Bathrooms
2
Rooms
8
Kitchens
1
Taxes (Annual)
$3,891.75
Tax Year
2025
Published
September 5, 2025
Days on Market
11 Days
Possession Type
Flexible
Possession Details
Immediate
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Inclusions

All Electric Light Fixtures, All Window Coverings and Blinds, All Appliances, HVAC, Furniture. New $9000 heat exchanger/HVAC system installed in 2024 - warranty info available.

Exclusions

ALL TENANT BELONGINGS

Details

Bathroom 1
4-Piece Main Level
Basement
None
Interior Features
None
Parking Features
None
Architectural Style
Apartment
Construction Materials
Brick
Exposure
East
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX REALTY SPECIALISTS INC.
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