271 Lester Street Unit# 303 Waterloo, Ontario N2L 3W6
$549,900Maintenance, Insurance, Common Area Maintenance, Heat, Landscaping, Property Management, Water, Residential Manager
$696.70 Monthly
Maintenance, Insurance, Common Area Maintenance, Heat, Landscaping, Property Management, Water, Residential Manager
$696.70 MonthlyStudent 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:43503)
Property Details
| MLS® Number | 40822504 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Features | Conservation/green Belt, No Pet Home |
| Parking Space Total | 1 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Refrigerator, Stove, Hood Fan |
| Basement Type | None |
| Constructed Date | 2009 |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors, Security System |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,311 Sqft |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | (h) Rn-12 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Family Room | 10'1'' x 17'11'' | ||
| Main Level | Kitchen | 9'3'' x 12'5'' | ||
| Main Level | Dining Room | 7'10'' x 12'4'' | ||
| Main Level | 4pc Bathroom | 8'11'' x 5'6'' | ||
| Main Level | 3pc Bathroom | 87'2'' x 4'9'' | ||
| Main Level | Bedroom | 15'4'' x 8'7'' | ||
| Main Level | Bedroom | 15'4'' x 8'8'' | ||
| Main Level | Bedroom | 15'4'' x 8'4'' | ||
| Main Level | Bedroom | 8'3'' x 12'4'' | ||
| Main Level | Bedroom | 15'4'' x 8'3'' |
Utilities
| Cable | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/29653759/271-lester-street-unit-303-waterloo
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April 24 2026 06:01:46
REALTORS® Association of Hamilton-Burlington
RE/MAX Twin City Realty Inc.