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261 LESTER Street Unit# 301
417 - Beechwood/University Waterloo N2L 3W6

$519,000
Single Family beds: 5 baths: 2.0 1,349 sq. ft.

Main Photo: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 1: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 2: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 3: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 4: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 5: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 6: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 7: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
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Photo 22: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 23: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 24: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 25: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 26: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 27: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Photo 28: 261 LESTER Street Unit# 301 in Waterloo: Condo for sale : MLS®# 40800630
Status:
Active
Prop. Type:
Single Family
MLS® Num:
40800630
Bedrooms:
5
Bathrooms:
2
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. (id:2493)
Property Type:
Single Family
Common Interest:
Condo/Strata
Property Attached:
Yes
Total Living Area:
1,349 sq. ft.
Finished Area Above Grade:
1,349 sq. ft.
Zoning:
GR
Association Fee:
922.0
Association Fee Frequency:
Monthly
Association Fee Includes:
Heat, Water, Insurance
Taxes:
$3,891 / -
Community:
417 - Beechwood/University
Exterior Features:
Brick
Structure Type:
Apartment
Appliances Included:
Refrigerator, Dishwasher, Stove, Hood Fan
Bedrooms:
5
Bedrooms Above Grade:
5
Bedrooms Below Grade:
0
Bathrooms:
2.0
Cooling:
Central air conditioning
Fireplace:
No
Heating:
Forced air, Natural gas
# Storeys:
1.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
None
Lot Features:
Laundry- Coin operated
Parking:
Underground, None
Floor
Type
Size
Other
Main level
Bedroom
13'9" × 12'3"
-
Main level
Bedroom
13'4" × 10'2"
-
Main level
Bedroom
12'8" × 12'
-
Main level
Bedroom
13'1" × 10'4"
-
Main level
Bedroom
13'1" × 8'3"
-
Main level
Kitchen
16'9" × 16'
-
Main level
Living room
13'6" × 8'6"
-
Floor
Ensuite
Pieces
Other
Main level
No
4
Main level
No
4
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated January 24, 2026 at 12:45 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$449,000
Min list price:
$279,900
Max list price:
$1,700,000
Avg days on market:
50
Min days on market:
1
Max days on market:
248
Avg price per sq.ft.:
$374.17
These statistics are generated based on the current listing's property type and located in 417 - Beechwood/University. Average values are derived using median calculations. This data is not produced by the MLS® system.

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