$545,900
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301 271 Lester Street, Waterloo, ON N2L3W6

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5 Beds
2 Baths
- Sq Ft

A five-bedroom condo, a short walk from both the University of Waterloo and Wilfrid Laurier University, this is a flexible income property suited to investors and to parents buying for a student. Two rooms are tenanted and three are available for September 1, so a buyer can lease the open rooms at current market rent, or a parent can house their own student in one room and rent the others, often to the student's friends, so the rental income offsets the cost of ownership. The economics are clean: heat, water and one owned parking space are all included in the monthly condo fee, and tenants pay their own hydro, so ongoing owner costs stay low and predictable. As a condo, it also spares an owner the exterior upkeep, roof and grounds maintenance that come with a student-rental house, keeping day-to-day 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, bright east exposure, and the convenience of an elevator and on-site laundry, and it comes furnished. The owned parking space is a rarity here, where most units come with none, and the building itself is notably quiet. Location drives the demand: the ION light rail is within about a ten minute walk at both the Laurier-Waterloo Park and University of Waterloo stations, University Shops Plaza puts groceries and a wide range of restaurants at the doorstep, and Waterloo Park and both campuses are all close by, keeping these rooms easy to fill each September. A practical, well-located asset in one of Ontario's tightest student housing markets, with flexible possession to suit your timeline. (id:58753)

Listing By: PAUL NAGPAL - RE/MAX HALLMARK REALTY LTD. cncrea2 Realty.com
  • MLS® X13585568
  • Date Listed07/20/2026
  • Days on Realty 5 Days
  • Bedrooms 5
  • Bathrooms 2 baths
  • Lot Size -

Interior Features

  • Appliances Refrigerator, Dishwasher, Stove, Furniture, Window Coverings
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Laundry- Coin operated

Directions

Lester / University

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.

Frequently Asked Questions for 301 271 LESTER STREET

Source: Realty.com

301 271 LESTER STREET, Waterloo, ON N2L3W6 in Waterloo, ON N2L3W6 is a apartment listed at $545,900. Highlights include 5 bedrooms, 2 bathrooms, HOA fee $697 Monthly. Realty.ca has 15 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 15 photos of 301 271 LESTER STREET.

The full address for this home is 301 271 LESTER STREET, Waterloo, ON N2L3W6.

301 271 LESTER STREET has been listed on Realty.com since Mon July 20, 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 HALLMARK REALTY LTD.
Listing agent: PAUL NAGPAL

This content last refreshed on 2026-07-25 09:11:46. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.