271 LESTER Street Unit# 303, Waterloo, Ontario

$549,900

5 Beds
2 Baths
1,311 Square Feet

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:23309)

Listing ID: 40822504
Property Type: Single Family
Year Built: 2009

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Rooms

Level	Type	Dimensions
Main Level	Family Room	9'11'' x 17'11''
Main Level	Kitchen	9'2'' x 12'2''
Main Level	Dining Room	7'4'' x 12'2''
Main Level	4pc Bathroom	8'6'' x 5'6''
Main Level	3pc Bathroom	8'1'' x 4'7''
Main Level	Bedroom	15'4'' x 8'5''
Main Level	Bedroom	15'4'' x 8'6''
Main Level	Bedroom	15'4'' x 8'4''
Main Level	Bedroom	8'1'' x 12'3''
Main Level	Bedroom	15'4'' x 8'3''

Details

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Communication: High Speed Internet
Features: Conservation/green belt, No Pet Home
Maintenance Fee: 696.70
Maintenance Fee Type: Insurance, Common Area Maintenance, Heat, Landscaping, Property Management, Water, Residential Manager
Maintenance Fee Payment Unit: Monthly
Ownership: Condominium
Parking Spaces: 1
Transaction: For sale
Zoning Description: (H) rn-12

Building

Appliances: Dishwasher, Refrigerator, Stove, Hood Fan
BasementType: None
Bedrooms Main Level: 5
Constructed Date: 2009
Construction Style Attachment: Attached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Fire Protection: Smoke Detectors, Security system
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1311 sqft
Stories Total: 1
Type: Apartment
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Sewer: Municipal sewage system

This property for sale is located at 271 LESTER Street Unit# 303 in Waterloo. It was last modified on June 2nd 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Waterloo properties for sale.

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