203 - 261 Lester Street
Waterloo, ON
5 bed • 2 bath • approx. 1200-1399 sqft • Condo Apartment • 128 days on market
Attn Investors: $4325.00 Monthly Income From This Fully Tenanted Student Rental (On Signed Lease With A++ Tenant Group). Can be provided Vacant. Walking Distance To Waterloo U. Five Separate Rooms With A Shared Kitchen, And Two Shared Baths. Safe Building W/Security, Attracts The Best Students. No Vacancies! Option For Hands Off Investment With On-Site Property Management For 6% Monthly Fee Or Can Self-Manage. Act Now, This Won't Last!
Listing Details
- Taxes (2025)
- $3,837
- Listed
- April 16, 2026
Price History
Property
- Style
- Apartment
- Construction
- Brick, Other
- Interior
- None
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- University/ Lester
- Possession
- Immediate
Commercial
- Occupancy
- Tenant
Schools
Secondary
- Waterloo Collegiate Institute0.7 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1.2 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.9 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School0.9 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1.3 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Our Lady of Lourdes Catholic Elementary School1.7 km
Catholic · Waterloo CDSB · 385 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Condo & Other in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,030
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,030 recorded sales of residential condo & other properties in Waterloo over the last 12 months.
Listed by
RE/MAX REALTY SPECIALISTS INC.
Walk Score
Walk
Transit
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Scores by Walk Score®
Location
Mortgage Calculator
$117,800
Estimated Monthly Payment
$2,894
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,894/mo (20% down, 5.5%)
Taxes: $320/mo · Insurance: $147/mo
Estimates only. Consult a financial advisor.
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