More Photos

×

    For Sale - 271 Lester Street Unit# 301, Waterloo, Ontario

    Est payment $2,621/mo
    Get pre-qualified
    Views   2
    Time on Jump  80 day

    AI Summary *

    • Turnkey investment with immediate cash flow from fully leased five-bedroom condo.
    • Located steps from both universities, attracting consistent tenant demand.
    • Includes heat, water, and parking in the condo fee for easy management.
    • Upgraded kitchen and furnished unit, ready for renters between terms.
    • Rare owned parking space adds value and attracts tenants easily.




    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.
    Listing IDX13585568
    Address271 Lester Street Unit# 301
    CityWaterloo, Ontario
    Price$545,900
    Bed / Bath5 / 2 Full
    StyleApartment, Condo Apartment
    ConstructionBrick Veneer, Concrete
    TypeCondominium
    StatusFor Sale

    Subtype Condo ApartmentIndoor Features Other, Common Area, Coin OperatedBasement NoneHeating / Cooling Forced AirHeating Fuel Gas

    Parking 1.00
    ASAP

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    Sun

    1

    Nov

    Mon

    2

    Nov

    Tue

    3

    Nov

    Wed

    4

    Nov

    Thu

    5

    Nov

    Fri

    6

    Nov

    Sat

    7

    Nov

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: RE/MAX HALLMARK REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    74 Helene Crescent
    Waterloo, Ontario.
    4 Beds | 2 Baths
    $579,900
    178 Laurentian Drive
    Waterloo, Ontario.
    3 Beds | 2 Baths
    $600,000
    484b Red Fox Road
    Waterloo, Ontario.
    3 Beds | 2 Baths
    $614,900
    57 Peppler Street
    Waterloo, Ontario.
    3 Beds | 2 Baths
    $575,000
    477 Kingscourt Drive Unit# …
    Waterloo, Ontario.
    3 Beds | 2 Baths
    $599,900
    602 Highpoint Avenue
    Waterloo, Ontario.
    4 Beds | 2 Baths
    $579,900
    426a Dunvegan Drive
    Waterloo, Ontario.
    3 Beds | 2 Baths
    $567,000
    776 Paris Boulevard
    Waterloo, Ontario.
    3 Beds | 4 Baths
    $624,900
    87 Christopher Drive
    Waterloo, Ontario.
    3 Beds | 2 Baths
    $575,000
    Loading...
    271 Lester Street Unit# 301
    Waterloo , Ontario
    5 2 $545,900
    Get more info