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271 LESTER Street Unit# 303, WATERLOO
2026-04-26
Quick Summary
MLS®#40822504
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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Building
- Appliances: Dishwasher, Refrigerator, Stove, Hood Fan
- Basement Type: None
- Construction Style: Attached
- Cooling Type: Central air conditioning
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 1311 sqft
- Building Type: Apartment
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: Conservation/green belt, No Pet Home
Land
- Land Size: under 1/2 acre
- Sewer: Municipal sewage system
Maintenance Fee
- Maintenance Fee: 696.70
Ownership
- Type: Condominium
Zoning
- Description: (H) rn-12
Information entered by RE/MAX TWIN CITY REALTY INC.
Listing information last updated on: 2026-06-02 16:39:42
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Your One Percent Realty Commission savings†
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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