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

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5 Beds
2 Baths
- Sq Ft

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. (id:58753)

Listing By: PAUL NAGPAL - RE/MAX HALLMARK REALTY LTD.
Source: CREA #X13585568 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X13585568
  • Date Listed07/20/2026
  • Days on Realty 69 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.

Points of Interest near 301 271 LESTER STREET, Waterloo, ON N2L3W6

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.

This content last refreshed on 2026-09-27 04:39:59. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.