Maintenance Fees
261 Lester vs The Downtown Waterloo Area
for sale
89 Days on Strata
- Est Sell Timeframe:
- 16 Days
301 - 261 Lester St
$560,000
5 Beds
2 Bath
0 Parking
1,306 SQFT
Price History
- Maintenance Fees:
- $922/mth
- Taxes:
- $3,892 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $429/sqft
- Outdoor Space:
- None
- Locker:
- None
- Possession Date:
- TBD
- Exposure:
- East
Amenities
Visitor Parking
Amenity details for reference only. Independently verify accuracy.
About this Listing
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.
ExtrasFridge, Stove, Hood Fan, B/I Dishwasher
royal lepage signature realtyMLS® #X12362585
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Not Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 13.48 x 8.5ft
- Kitchen
- 16.77 x 16.01ft
- Bedroom
- 13.09 x 8.24ft
- 2nd Bedroom
- 13.09 x 10.34ft
- 3rd Bedroom
- 12.66 x 12.01ft
- 4th Bedroom
- 13.32 x 10.17ft
- 5th Bedroom
- 13.75 x 12.24ft
Buyer's Market
Balanced
Seller's Market
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Building Trends At 261 Lester
Days on Strata
Units at 261 Lester spend an average of
N/A
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
100%
of the list price.
Or in other words, the
Or in other words, the
entire list price
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Downtown Waterloo
Turnover of Units
On average, each unit is owned for
5.8
YEARS before being sold againProperty Value
0%
Increase in property value within the past twelve months
Price Ranking
N/A
Highest price per SQFT out of 46 condos in the Downtown Waterloo area
Sold Units
0
Units were Sold over the past twelve months
Rented Units
0
Units were Rented over the past twelve months
Best Value Rank
261 Lester offers the best value out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
Appreciation Rank
261 Lester has the highest ROI out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
Rental Yield
261 Lester yields the highest rent prices out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
High Demand
261 Lester is the most popular building out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
Market Insights
Transaction Insights at 261 Lester
Not Available
Market Inventory
Total number of units listed and sold in Downtown Waterloo
