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$545,900
Ontario,Waterloo
For Sale Active
301 - 271 LESTER STREET, Waterloo, Ontario N2L3W6
  • 5
  • 2
  • 1200 - 1399Square Feet
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Basic Details
Description

A five-bedroom condo, a short walk from both the University of Waterloo and Wilfrid Laurier University, this is a flexible income property suited to investors and to parents buying for a student. Two rooms are tenanted and three are available for September 1, so a buyer can lease the open rooms at current market rent, or a parent can house

their own student in one room and rent the others, often to the student’s friends, so the rental income offsets the cost of ownership. The economics are clean: heat, water and one owned parking space are all included in the monthly condo fee, and tenants pay their own hydro, so ongoing owner costs stay low and predictable. As a condo, it also spares an owner the exterior upkeep, roof and grounds maintenance that come with a student-rental house, keeping day-to-day management focused on the tenants alone. The roughly 1, 355 square foot layout offers five well-proportioned bedrooms, an upgraded kitchen and two full bathrooms, with gas forced-air heat, central air conditioning, bright east exposure, and the convenience of an elevator and on-site laundry, and it comes furnished. The owned parking space is a rarity here, where most units come with none, and the building itself is notably quiet. Location drives the demand: the ION light rail is within about a ten minute walk at both the Laurier-Waterloo Park and University of Waterloo stations, University Shops Plaza puts groceries and a wide range of restaurants at the doorstep, and Waterloo Park and both campuses are all close by, keeping these rooms easy to fill each September. A practical, well-located asset in one of Ontario’s tightest student housing markets, with flexible possession to suit your timeline. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X13585568
  • Price: $545,900
  • Bedrooms: 5
  • Bathrooms: 2
  • Square Footage: 1200 - 1399 Sqft
  • Status: Active
  • Office Name: RE/MAX HALLMARK REALTY LTD.
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 50236
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: None
  • Parking: Garage, Covered
  • Exterior Features: Concrete, Brick Veneer
Address Map
  • Location: CA, Ontario, Waterloo, N2L3W6
  • Street: Lester
  • Street Number: 271
  • Street Suffix: Street
  • Longitude: W81° 27' 51.2''
  • Latitude: N43° 28' 29.1''
Additional Information
  • Community Features:
  • Lot Features:
Financial
  • Association Fee: 696.71
  • Association Fee Frequency: Monthly
  • Association Fee Includes:
  • Tax Annual Amount: 3891
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Listing updated: 2026-07-21 10:31:57
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Listing Information
  • List Agent Key: 1724197
  • List Office Key: 50236
  • Modification Timestamp: 2026-07-20T21:15:07Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-07-20T21:10:02Z
Powered by REALTOR.ca
Listing updated: 2026-07-21 10:31:58
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