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

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: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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