301-261 Lester Street, Waterloo ON N2L 3W6

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.