$549,900
Unlock Price Rating!

303 271 Lester Street, Waterloo on N2L 3W6, Waterloo, ON N2L 3W6

 Contact
5 Beds
2 Baths
1,311 Sq Ft

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!

Listing By: Jon Hutton - RE/MAX TWIN CITY REALTY INC. cnitso Realty.com
  • MLS® 40822504
  • Date Listed04/24/2026
  • Days on Realty 42 Days
  • Bedrooms 5
  • Bathrooms 2 Full baths
  • Lot Size -
  • County Waterloo
  • Year Built 2009
  • Square Feet 1,311 sq. ft
  • Price Per Sq. Ft $419.45

Interior Features

  • Appliances Dishwasher, Range Hood, Refrigerator, Stove
  • Cooling Central Air
  • Heating Forced Air, Natural Gas

Exterior / Lot Features

  • Exterior Landscaped, Year Round Living
  • Roof Metal
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Urban, City Lot, Greenbelt, Hospital, Library, Park, Place of Worship, Public Parking, Public Transit, Schools, Shopping Nearby

Directions

University to Lester

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N2L 3W6

Discover key demographics, population statistics, and environmental insights for the Waterloo, ON area.

Walkability in ON / N2L 3W6

Source: Walk Score

74/100

Very Walkable

Walk Score ®

69/100

Good Transit

Transit Score ®

98/100

Biker's Paradise

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Daily errands can be accomplished on a bike.

Transit Summary

18 nearby routes: 17 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 50/100, Transit Score: 41/100, Bike Score: 61/100.

Points of Interest near 303 271 Lester Street, Waterloo ON N2L 3W6, Waterloo, ON N2L 3W6

Frequently Asked Questions for 303 271 Lester Street, Waterloo ON N2L 3W6

Source: Realty.com

303 271 Lester Street, Waterloo ON N2L 3W6, Waterloo, ON N2L 3W6 in Waterloo, ON N2L 3W6 is a attached listed at $549,900. Highlights include 5 bedrooms, 2 bathrooms, 1,311 sq. ft., built in 2009, $419 per sq. ft., HOA fee $697 Monthly. Realty.ca has 17 photos, sales history, school insights, and mortgage tools for ...

Realty.com has 17 photos of 303 271 Lester Street, Waterloo ON N2L 3W6.

Our records indicate that 303 271 Lester Street, Waterloo ON N2L 3W6 was built in 2009.

The full address for this home is 303 271 Lester Street, Waterloo ON N2L 3W6, Waterloo, ON N2L 3W6.

303 271 Lester Street, Waterloo ON N2L 3W6 has been listed on Realty.com since Fri April 24, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 50/100, Transit Score: 41/100, Bike Score: 61/100.

Listing provided courtesy of: Re/max Twin City Realty Inc. - itso (tel: 519-579-4110)
Listing agent: Jon Hutton (tel: 226-808-0746)

This content last refreshed on 2026-06-05 06:11:44. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.