Listed by Re/Max Realty Specialists Inc..

101-261 Lester Street is a Condo Apt, Apartment and is currently for Sale @ $549,000. Taxes in 2025 were $3,891.75.

More condos for sale under 500k in Waterloo

Turnkey Student Rental Investment Fully Furnished 5 Bed, 2 Bath at 261 Lester St. The Apartment on 101-261 Lester Street has 5 bedrooms, 2 bathrooms, and is located in the community of . 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.

All Electric Light Fixtures, All Window Coverings and Blinds, All Appliances, HVAC, Furniture. New $9000 heat exchanger/HVAC system installed in 2024 - warranty info available.

The address 101-261 Lester Street was listed for sale (MLS# X12383368) on Friday, September 05, 2025.