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$549,900
New Listing

271 LESTER Street Unit# 303
Waterloo, ON N2L3W6

For Sale|Condominium|Active
5
Beds
2
Total Baths
1,311
SqFt
$419
/SqFt
2009
Built
Subdivision:
417 - Beechwood/University
Call Now: 226-218-6875
Is this the listing for you? We can help make it yours.
226-218-6875
271 LESTER Street Unit# 303271 LESTER Street Unit# 303271 LESTER Street Unit# 303271 LESTER Street Unit# 303
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Monthly Payment (Est.)

$2,509
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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:31684)

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Listing Snapshot
Price 
$549,900
Days On Site 
0 Days
Bedrooms 
5
Inside Area (SqFt) 
1,311 sqft
Total Baths 
2
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2009
MLS® Number 
40822504
Status 
Active
Property Tax 
N/A
Maintenance Fees 
$696.7 monthly
Sq Ft Source 
N/A
Friends & Family
Recent Activity
17 hours agoListing updated with changes from the MLS®
17 hours agoListing first seen on site
General Features
Levels 
One
Parking Spaces 
1
Property Sub Type 
Condominium
Sewer 
Public Sewer
SqFt Total 
1311
Interior Features
Cooling 
Central Air
Heating 
Forced AirNatural Gas
Bathroom 1 
Dimensions - 8'11'' x 5'6''Level - Main
Bathroom 2 
Dimensions - 87'2'' x 4'9''Level - Main
Bedroom 1 
Dimensions - 15'4'' x 8'7''Level - Main
Bedroom 2 
Dimensions - 15'4'' x 8'8''Level - Main
Bedroom 3 
Dimensions - 15'4'' x 8'4''Level - Main
Bedroom 4 
Dimensions - 8'3'' x 12'4''Level - Main
Bedroom 5 
Dimensions - 15'4'' x 8'3''Level - Main
Dining Room 
Dimensions - 7'10'' x 12'4''Level - Main
Family Room 
Dimensions - 10'1'' x 17'11''Level - Main
Kitchen 
Dimensions - 9'3'' x 12'5''Level - Main
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Community Features
Maintenance Fee 
696.7
Maintenance Fee Frequency 
Monthly

Listing courtesy of: Jon Hutton of RE/MAX TWIN CITY REALTY INC.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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