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$549,900
Ontario,Waterloo
For Sale Active
271 LESTER Street Unit# 303, Waterloo, Ontario N2L3W6
  • 5
  • 2
  • 1,311 Sqft
Basic Details
Description

Student housing investment property located on Lester Street in Waterloo, within a 10-minute walk to the University of Waterloo and Wilfrid Laurier University. This 5-bedroom, 2-bathroom unit is set up for student rentals and includes a shared common area with kitchen, in-building laundry, and 1 surface parking space. Currently 3 of the 5 rooms are rented, providing immediate rental income

with the ability to lease the remaining rooms. Estimated gross income ranges from approximately $35,000 to $47,000 per year depending on rental rates and occupancy. This is a strong opportunity for real estate investors looking for consistent rental demand in the Waterloo student housing market. The location is close to public transit, the ION light rail, restaurants, grocery stores, and campus amenities, making it highly attractive to tenants. This property is also a practical option for parents. A parent can purchase the unit for their child to live in while renting out the other 4 bedrooms to help offset costs and build equity. Don’t miss out and book your showing today! (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 40822504
  • Price: $549,900
  • Bedrooms: 5
  • Bathrooms: 2
  • Square Footage: 1,311 Sqft
  • Year Built: 2009
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 76807
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: None
  • Parking: Open
  • Exterior Features: Brick
  • Sewer: Municipal sewage system
  • Utilities: Natural Gas, Cable
Address Map
  • Location: CA, Ontario, Waterloo, 417 - Beechwood/University, N2L3W6
  • Street: LESTER
  • Street Number: 271
  • Street Suffix: Street
  • Longitude: W81° 27' 52.3''
  • Latitude: N43° 28' 28.3''
Additional Information
  • Water Source:
  • Lot Features:
  • Stories: 1.0
Financial
  • Association Fee: 696.7
  • Association Fee Frequency: Monthly
  • Association Fee Includes:
  • Tax Annual Amount: 3713
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Listing updated: 2026-04-24 21:11:34
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Listing Information
  • List Agent Key: 2157584
  • List Office Key: 76807
  • Modification Timestamp: 2026-04-24T18:11:02Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2026-04-24T18:01:46Z
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Listing updated: 2026-04-24 21:11:34
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