271 Lester ST #301, Waterloo, ON N2L3W6
271 Lester ST #301, Waterloo, ON N2L3W6
271 Lester ST #301, Waterloo, ON N2L3W6
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$545,900
Est. payment /mo
5 Beds
2 Baths
1,200 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1200 - 1399

Square Footage 1,200 sqft

Price per Sqft $454

MLS® Listing ID X13585568

Bedrooms 5

Condo Fees $696/mo

Property Sub-Type Condo

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

Community Features Pets Allowed With Restrictions

View Y/N No

Attached Garage No

Total Parking Spaces 1

Garage Yes

Private Pool No

Others

Ownership Condominium/Strata

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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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