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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

Fully tenanted five-bedroom condo steps from both the University of Waterloo and Wilfrid Laurier University – a turnkey investment generating income from day one. All five rooms are currently leased at $4, 550 per month in gross rent, so you step into immediate, predictable cash flow with no lease-up period. The economics are clean and the margins protected: heat, water

and one owned parking space are included in the monthly condo fee, tenants pay their own hydro, and as a condo you avoid the roof, exterior, and grounds maintenance that erode returns on a student-rental house – keeping 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, elevator, and on-site laundry. It comes furnished, so the unit stays rent-ready between terms. The owned parking space is a rarity here, where most units come with none, and adds a second income lever or a standout perk that keeps rooms easy to fill. Location drives the demand: ION light rail is about a ten minute walk at both the Laurier-Waterloo Park and University of Waterloo stations, University Shops Plaza puts groceries and restaurants at the doorstep, and both campuses are close by, keeping occupancy tight each September. A practical, well-located asset in one of Ontario’s tightest student housing markets, with rooms rolling through 2026 and 2027 and flexible possession to suit your timeline. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X14081834
  • 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: 2026-10-16 09:02:26
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Listing Information
  • List Agent Key: 1724197
  • List Office Key: 50236
  • Modification Timestamp: 2026-10-15T16:45:19Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-10-15T16:38:36Z
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Listing updated: 2026-10-16 09:02:27
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