Listings

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.

Features
: Central Air
: None
: None
: Apartment
: None
: Coin Operated
Address Map
US
ON
Waterloo
Waterloo
N2L 3W6
Lester
261
Street
W81° 27' 52.4''
N43° 28' 27.4''
University/Lester
101
Additional Information
1
: Brick
Financial
941.24
: Common Elements Included, Building Insurance Included, Heat Included, Water Included
1
3891.75
Listing Information
RE/MAX REALTY SPECIALISTS INC.
New
2025-11-20T08:19:07Z
TRREB

For Sale in Waterloo

261 Lester Street 101, Waterloo, ON N2L 3W6

5 Bedrooms
2Bathrooms
$549,000
Listing ID #X12383368
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : X12383368
Price : $549,000
Bedrooms : 5
Bathrooms : 2
Status : Active
Office Name : RE/MAX REALTY SPECIALISTS INC.
Property Attached Yn : 1
Property Sub Type : Condo Apartment
Agent info
Richi Khanna
Pontis Realty Inc., Brokerage
Contact Agent