301 261 Lester Street, Waterloo

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 253 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. (id:1945) Additional details visible in the photos: - Bedrooms: Each bedroom is furnished and set up for student tenants — beds, desks and chairs are visible in multiple rooms, with at least one room also showing a small TV/dresser on the desk. Windows with blinds provide natural light; ceilings have dome-style flush lighting. One bedroom features an orange accent wall and a larger multi-use table (currently serving as a study/rec surface). - Layout/finishes: Neutral painted walls throughout the unit and simple, easy-to-maintain finishes ideal for rental use. - Bathrooms: The pictured full bathroom includes a bathtub with shower, a single-sink vanity with mirror, and tiled flooring. - Building exterior & entry: The building has a stone façade, secure glass entry with steps and railing, and landscaped plantings at the front. An accessible elevator is available inside the building (as noted in the listing). - Furnishings & condition: Units are shown staged/virtually decluttered and appear move-in ready with included furniture suitable for student rentals. If you’d like, I can integrate these photo details directly into the listing paragraph (keeping the original wording) or create a clean combined version for marketing use.