261 Lester St

261 Lester St in Waterloo is a five-storey mid-rise apartment condominium completed in 2017. The building comprises roughly 1,300 square-foot units with an average monthly maintenance fee of $913, or approximately $0.70 per square foot, covering heat, water, and building insurance. Located within walking distance of the University of Waterloo Station and surrounded by 22 restaurants, 21 cafés, and numerous parks and transit options, the building offers convenient urban access. Recent rental activity averages around $950 monthly. Prospective buyers should obtain and review the status certificate, reserve fund study, financial statements, board meeting minutes, and insurance documentation to fully understand the building's condition and financial standing before finalizing their purchase.