REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 545,900
Est. payment /mo
New
271 Lester ST #301 Waterloo, ON N2L 3W6
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Apartment
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X13585568
Style Apartment
Bedrooms 5
Maintenance Fees $696
HOA Fees $696
Annual Tax Amount $3,891
Tax Year 2026
Property Sub-Type Condo Apartment
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement None
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Covered
Garage Spaces 1.0
Exposure East
Total Parking Spaces 1
Balcony None
Building
Story 3
Locker None
Others
Pets Allowed Yes-with Restrictions
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY LTD.
NEARBY SCHOOL & BUSINESS