$519,000
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301 261 Lester Street, Waterloo on N2L 3W6, Waterloo, ON N2L 3W6

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5 Beds
2 Baths
1,349 Sq Ft

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. Photos are virtually decluttered.

Listing By: Poonam Taggar - ROYAL LEPAGE SIGNATURE REALTY cnitso Realty.com
  • MLS® 40800630
  • Date Listed01/23/2026
  • Days on Realty 132 Days
  • Bedrooms 5
  • Bathrooms 2 Full baths
  • Lot Size -
  • County Waterloo
  • Square Feet 1,349 sq. ft
  • Price Per Sq. Ft $384.73

Interior Features

  • Appliances Dishwasher, Range Hood, Refrigerator, Stove
  • Cooling Central Air
  • Heating Forced Air, Natural Gas

Exterior / Lot Features

  • Roof Other
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Urban, Ample Parking, Place of Worship, Public Parking, Public Transit, Schools, Other

Directions

University Ave W / Lester St

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N2L 3W6

Discover key demographics, population statistics, and environmental insights for the Waterloo, ON area.

Walkability in ON / N2L 3W6

Source: Walk Score

74/100

Very Walkable

Walk Score ®

69/100

Good Transit

Transit Score ®

98/100

Biker's Paradise

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Daily errands can be accomplished on a bike.

Transit Summary

18 nearby routes: 17 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 50/100, Transit Score: 41/100, Bike Score: 61/100.

Points of Interest near 301 261 Lester Street, Waterloo ON N2L 3W6, Waterloo, ON N2L 3W6

Frequently Asked Questions for 301 261 Lester Street, Waterloo ON N2L 3W6

Source: Realty.com

301 261 Lester Street, Waterloo ON N2L 3W6, Waterloo, ON N2L 3W6 in Waterloo, ON N2L 3W6 is a attached listed at $519,000. Highlights include 5 bedrooms, 2 bathrooms, 1,349 sq. ft., $385 per sq. ft., HOA fee $922 Monthly. Realty.ca has 28 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 28 photos of 301 261 Lester Street, Waterloo ON N2L 3W6.

The full address for this home is 301 261 Lester Street, Waterloo ON N2L 3W6, Waterloo, ON N2L 3W6.

301 261 Lester Street, Waterloo ON N2L 3W6 has been listed on Realty.com since Fri January 23, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 50/100, Transit Score: 41/100, Bike Score: 61/100.

Listing provided courtesy of: Royal Lepage Signature Realty - itso (tel: 905-568-2121)
Listing agent: Poonam Taggar

This content last refreshed on 2026-06-04 18:39:59. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.