271 Lester ST #301, Waterloo, ON N2L 3W6
271 Lester ST #301, Waterloo, ON N2L 3W6
271 Lester ST #301, Waterloo, ON N2L 3W6
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$545,900
Est. payment /mo
5 Beds
2 Baths
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UPDATED:

Key Details

Property Type Condo, Apartment

Sub Type Condo Apartment

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1200-1399

MLS Listing ID X13585568

Style Apartment

Bedrooms 5

Maintenance Fees $696

Annual Tax Amount $3,891

Tax Year 2026

Property Sub-Type Condo Apartment

Property Description

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.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement None

Kitchen 1

Interior

Interior Features Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Covered

Garage Spaces 1.0

Exposure East

Total Parking Spaces 1

Balcony None

Building

Story 3

Locker None

Others

Pets Allowed Yes-with Restrictions

ParcelsYN No

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Listed by RE/MAX HALLMARK REALTY LTD.

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Paul Shantz
Paul Shantz

Agent License ID: 6008661

+1(519) 829-8656

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271 Lester ST #301

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