Unknown for 261 Lester St #101, Waterloo Ontario N2L 3W6
14 hours 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 market14 hours

Estimated valueNot available

Price/Sqft$425/sqft

Monthly cost

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CMA Subject Property

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+8

Properties sold*

$421K

Median sold price*

*Based on last 30 days

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

Living

0.0 x 0.0

Ceramic Floor / Window

Kitchen

0.0 x 0.0

Ceramic Floor / Open Concept / Eat-In Kitchen

Br

0.0 x 0.0

Broadloom / Window / Closet

Br

0.0 x 0.0

Broadloom / Window / Closet


1Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Sep 5, 2025
ListedActive
$549,000
14 hours on market
history photo preview15
Listing by trreb®

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

46 days

Compared to

2024

38 days

2023

40 days

2022

35 days

New Listings

Past 30 days

41 listings

Compared to

2024

34 listings

2023

37 listings

2022

30 listings

Units sold

Past 30 days

13 units

Compared to

2024

8 units

2023

16 units

2022

32 units

Median Sold Price

Past 30 days

$435,000

Compared to

2024

$420,500

2023

$499,500

2022

$465,000


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