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$589K · 5 bed Condo Apartment · Waterloo | MyPropertyScout

$589,000

Unit 203

52TenantOccupied

Map

$589,000

Unit 203

261 Lester Street · Waterloo · Ontario N2L 3W6

MLS® X13014842 · N2L 3W6

52TenantOccupied1200-1399 ft²Condo ApartmentNone$453/ft²$3,837 tax/yr

About this home

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!

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Property details

MLS#: X13014842
Status: Buy Now
Beds: 5
Baths: 2 full, 0 half
Size: 1200-1399
Style: Apartment
Type: Condo Apartment
Year built: —

Condo corp #: 630
Balcony: None
Locker: None
Fees include: Heat Included, Common Elements Included, Water Included
Pets: No

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Other
Fronting on: —
Cross street: University/ Lester
Basement: None
Stories: 2
Utilities: —
Laundry: Coin Operated, In Building, Laundry Room
Interior: None
Parking features: Covered

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX REALTY SPECIALISTS INC.

Source: TRREB/PROPTX · MLS® X13014842

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$589K

Unit 203 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $589,000✓ $3,837 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,563/mo

incl. closing costs (yr 1)

Annual total

$66,751

year 1

Mortgage only

$2,234/mo

principal + interest

Beyond mortgage

$2,182/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$117,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$320/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,890/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$78/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,255

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $26,814/yr

Property taxes18% $12,092/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance9% $5,890/yr

Condo fees17% $11,295/yr

Closing costs8% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,814	$2,234/mo
Government & taxes
Property tax	$3,837	$320/mo
Land transfer tax(closing)	$8,255	$688/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,890	$491/mo
Condo fees
Condo / HOA fees	$11,295	$941/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$66,751	$5,563/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 203

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs