271 LESTER Street Unit# 303, Waterloo, Ontario, N2L3W6
MLS: 40822504 | Apartment (Condo)
$549,900
Property Description
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:64974)
Quick Facts
- Property Type: Apartment (Condo)
- Bedrooms: 5 (5 above)
- Bathrooms: 2
- Living Area: 1,311 sq ft (121.8 m²)
- Above Grade: 1,311 sq ft (121.8 m²)
- Year Built: 2009
- Ownership: Condo/Strata
- Attached: Yes
- Parking: 1.0 space (Open)
Costs
- Annual Taxes: $3,713.00
- Condo/HOA Fee: $696.70 / monthly
- Includes: Common Area Maintenance, Landscaping, Property Management, Heat, Water, Insurance, Residential Manager
Listing Provided by: RE/MAX TWIN CITY REALTY INC.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: None
- Appliances: Refrigerator, Dishwasher, Stove, Hood Fan
- Utilities: Natural Gas, Cable
- Security: Security system, Smoke Detectors
Exterior & Construction
- Exterior: Brick
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Features: Conservation/green belt, No Pet Home
- Zoning: (H) rn-12
Community & Neighbourhood
- Subdivision: 417 - Beechwood/University
Room Details (10 rooms)
Listing Information
Listing History
MLS listing activity for 271 LESTER Street Unit# 303, Waterloo, Ontario, N2L3W6 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
261 LESTER Street Unit# 301, Waterloo
Condo - Apartment$519,000
$3,891/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
301 - 261 LESTER STREET, Waterloo
Condo - Apartment$519,000
$3,892/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
271 LESTER Street Unit# 102, Waterloo
Condo - Apartment$549,900
$3,726/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
253 LESTER Street Unit# 401, Waterloo
Condo - Apartment$514,900
$3,809/yr taxListing Courtesy of BENJAMINS REALTY INC.
280 LESTER Street Unit# 323, Waterloo
Condo - Apartment$409,800
$3,536/yr taxListing Courtesy of GREEN CITY REALTY INC.
280 LESTER Street Unit# 419, Waterloo
Condo - Apartment$388,000
$3,236/yr taxListing Courtesy of SMART FROM HOME REALTY LIMITED
246 LESTER Street Unit# PH-03, Waterloo
Condo - Apartment$469,900
$2,567/yr taxListing Courtesy of HOUSESIGMA INC.
330 PHILLIP Street Unit# S-110, Waterloo
Condo - Apartment$450,000
$3,346/yr taxListing Courtesy of RE/MAX Aboutowne Realty Corp.
145 COLUMBIA Street W Unit# 611, Waterloo
Condo - Apartment$475,000
Listing Courtesy of Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
271 LESTER Street Unit# 102, Waterloo
Condo - Apartment$549,900
$3,726/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
35 SOUTHSHORE Crescent Unit# 209, Stoney Creek
Condo - Apartment$549,900
$4,189/yr taxListing Courtesy of Royal LePage Burloak Real Estate Services
18 CRITZIA Drive, Mount Hope
Condo - Row / Townhouse$549,900
$4,226/yr taxListing Courtesy of RE/MAX Escarpment Realty Inc.
6 - 165 EGAN AVENUE, St. Marys
Condo - Row / Townhouse$549,900
Listing Courtesy of Coldwell Banker Homefield Legacy Realty
550 NORTH SERVICE Road Unit# 905, Grimsby
Condo - Apartment$549,900
$5,633/yr taxListing Courtesy of Royal LePage State Realty Inc.
47 BISHOP REDING Trail, Hamilton
Condo - Row / Townhouse$549,900
$1/yr taxListing Courtesy of RE/MAX Escarpment Realty Inc.
2 EVA Road Unit# 1724, Etobicoke
Condo - Apartment$549,900
$2,315/yr taxListing Courtesy of Real Broker Ontario Ltd
247 BROCK STREET Unit# 104, Amherstburg
Condo - Apartment$549,900
Listing Courtesy of REMAX PREFERRED REALTY LTD. - 586
520 ANISE LANE, Sarnia
House$549,900
Listing Courtesy of Coldwell Banker Southwest Realty
Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
271 LESTER Street Unit# 102, Waterloo
Condo - Apartment$549,900
$3,726/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
301 - 261 LESTER STREET, Waterloo
Condo - Apartment$519,000
$3,892/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
261 LESTER Street Unit# 301, Waterloo
Condo - Apartment$519,000
$3,891/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
253 LESTER Street Unit# 401, Waterloo
Condo - Apartment$514,900
$3,809/yr taxListing Courtesy of BENJAMINS REALTY INC.
392 ALBERT Street Unit# 302, Waterloo
Condo - Apartment$618,000
$4,861/yr taxListing Courtesy of Royal LePage Peaceland Realty
501 GLENELM Crescent, Waterloo
House$629,000
$3,850/yr taxListing Courtesy of HOMELIFE MIRACLE REALTY LTD
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271 LESTER Street Unit# 303, Waterloo, Ontario, N2L3W6