15
See all 15 photos
$545,900
Est. payment /mo
5 Beds
2 Baths
Active
271 Lester ST #301 Waterloo, ON N2L 3W6
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Condo, Apartment
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X13585568
Style Apartment
Bedrooms 5
Maintenance Fees $696
Annual Tax Amount $3,891
Tax Year 2026
Property Sub-Type Condo Apartment
Property 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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement None
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Covered
Garage Spaces 1.0
Exposure East
Total Parking Spaces 1
Balcony None
Building
Story 3
Locker None
Others
Pets Allowed Yes-with Restrictions
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY LTD.
Nearby Locations
GET MORE INFORMATION