FARHANG RAFII
Sales Representative
$519,000
Available - For Sale
Listing ID: X12725196
261 Lester Street , Waterloo, N2L 3W6, Waterloo
| Room #1 - $900, ending Aug 25, 2026, #2 - $750, ending Apr 30, 2026, #3 - $750, ending Aug 26, 2026, #4 - $750, ending Apr 30, 2026, #5 - $750, ending Apr 30, 2026. 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 close to $50,000/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. |
| Price | $519,000 |
| Taxes: | $3891.75 |
| Occupancy: | Tenant |
| Address: | 261 Lester Street , Waterloo, N2L 3W6, Waterloo |
| Postal Code: | N2L 3W6 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | University Ave W & Lester St |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 13.48 | 8.5 | |
| Room 2 | Main | Kitchen | 16.76 | 16.01 | |
| Room 3 | Main | Bedroom | 13.09 | 8.23 | |
| Room 4 | Main | Bedroom 2 | 13.09 | 10.33 | |
| Room 5 | Main | Bedroom 3 | 12.66 | 12 | |
| Room 6 | Main | Bedroom 4 | 13.32 | 10.17 | |
| Room 7 | Main | Bedroom 5 | 13.74 | 12.23 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 16-30 |
| Washrooms: | 2 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
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FARHANG RAFII
Sales Representative
Dir:
647-606-4145
Bus:
416-364-4776
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At a Glance:
| Type: | Com - Condo Apartment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Style: | Apartment |
| Approximate Age: | 16-30 |
| Tax: | $3,891.75 |
| Maintenance Fee: | $922 |
| Beds: | 5 |
| Baths: | 2 |
| Fireplace: | N |
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