$549,900
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271 Lester Street Unit# 303, Waterloo, ON N2L3W6

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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! (id:58753)

Listing By: Jon Hutton - RE/MAX TWIN CITY REALTY INC. cncrea2 Realty.com
  • MLS® 40822504
  • Date Listed04/24/2026
  • Days on Realty 91 Days
  • Bedrooms 5
  • Bathrooms 2 baths
  • Lot Size -
  • Sewer Public Sewer
  • Subdivision 417 - Beechwood/University
  • Property Type Apartment
  • Year Built 2009
  • Water Public
  • Square Feet 1,311 sq. ft
  • Price Per Sq. Ft $419.45

Interior Features

  • Appliances Refrigerator, Dishwasher, Stove, Hood Fan
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Conservation/green belt, No Pet Home

Directions

University to Lester

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N2L3W6

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

Walkability in ON / N2L3W6

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 271 LESTER Street Unit# 303, Waterloo, ON N2L3W6

Frequently Asked Questions for 271 LESTER Street Unit# 303

Source: Realty.com

271 LESTER Street Unit# 303, Waterloo, ON N2L3W6 in 417 - Beechwood/University, Waterloo, ON N2L3W6 is a apartment 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 mortgag...

Realty.com has 17 photos of 271 LESTER Street Unit# 303.

Our records indicate that 271 LESTER Street Unit# 303 was built in 2009.

The full address for this home is 271 LESTER Street Unit# 303, Waterloo, ON N2L3W6.

271 LESTER Street Unit# 303 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.
Listing agent: Jon Hutton

This content last refreshed on 2026-07-24 23:12:38. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.