Unknown for 261 Lester St #101, Waterloo Ontario N2L 3W6
182 days on Market

261 Lester St #101, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1200-1399 sqft
$549,000
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Condo
5
2
~1200-1399 sqft

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Highlights

Property Estimate

Days on market182 days

Estimated valueNot available

Price/Sqft$425/sqft

Monthly cost

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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.


Property Details

StyleApartment
View-
Age of property-
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12383368
Community NameColumbia
Data SourceTRREB
Listing byRE/MAX REALTY SPECIALISTS INC.

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Br

0.0 x 0.0

Broadloom / Window / Closet

Br

0.0 x 0.0

Broadloom / Window / Closet

Living

0.0 x 0.0

Ceramic Floor / Window

Kitchen

0.0 x 0.0

Ceramic Floor / Open Concept / Eat-In Kitchen


1Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Sep 5, 2025
ListedActive
$549,000
182 days on market
history photo preview15
Listing by trreb®
Property listed by RE/MAX REALTY SPECIALISTS INC., Brokerage
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Market Data - Columbia

Geo Zone Map ThumbnailColumbia

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

75 days

Compared to

2025

52 days

2024

27 days

2023

35 days

New Listings

Past 30 days

32 listings

Compared to

2025

38 listings

2024

39 listings

2023

25 listings

Units sold

Past 30 days

5 units

Compared to

2025

8 units

2024

16 units

2023

14 units

Median Sold Price

Past 30 days

$502,000

Compared to

2025

$447,100

2024

$502,500

2023

$459,000


Population and Demographics

Overview

Total population 7359
Average household income $71,241

Age (%)

0 to 19
15%
20 to 34
64%
35 to 49
9%
50 to 64
7%
65 and plus
5%

Household composition (%)

Single person
40%
Multi person
32%
Single family
28%
Multi family
0%

Mother tongue (%)

English
56%
Mandarin
17%
Hindi
5%
Others
3%
Punjabi (Panjabi)
3%
Arabic
3%
Gujarati
2%
Spanish
2%
Telugu
1%

House tenancy (%)

Renters
86%
Owners
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget