17
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$549,900
Est. payment /mo
5 Beds
2 Baths
New
271 Lester ST #303 Waterloo, ON N2L 3W6
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Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X13041898
Style 1 Storey/Apt
Bedrooms 5
HOA Fees $696
Annual Tax Amount $3,713
Tax Year 2025
Property Sub-Type Condo Apartment
Property 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!
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement None
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Laundry Common Area
Exterior
Exposure East
Total Parking Spaces 1
Balcony None
Building
Locker None
Others
Senior Community No
Pets Allowed No
ParcelsYN No
Listed by RE/MAX TWIN CITY REALTY INC.
Nearby Locations
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