For Sale: 301-271 Lester Street, Waterloo, ON - REW
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$545,900
5 bd • 2 ba • 1200 - 1399 sf • Apt/Condo
301-271 Lester Street
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$545,900
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301 - 271 Lester StreetWaterloo, ON, N2L 3W6

  • 5 Bed
  • 2 Bath
  • 1200 - 1399 Sqft
  • Apt/Condo

About this home

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.
Listed by: Paul Nagpal, Broker, RE/MAX HALLMARK REALTY LTD.

Home facts and features

Price details
List Price
$545,900
Get Pre-Approved
Gross Taxes for 2026
$3,891
Strata Maintenance Fees
$697
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
1
Parking Details
Covered
Property Type
Apt/Condo
Exterior Finish
Brick Veneer, Concrete
Heating Type
Forced Air, Gas
Cooling
Central Air
Features
Coin Operated, Common Area
Amenities
Building Insurance Included
Agent details
Primary Agent
Primary Broker
RE/MAX HALLMARK REALTY LTD.
Secondary Agent
Garima Nagpal
Secondary Broker
RE/MAX HALLMARK REALTY LTD.
Listing details
Days on REW
6 Days
MLS® Number
X14081834
Source
Toronto Real Estate Board
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Property Insights

Waterloo Collegiate Institute
  • Public
  • 9 - 12
MacGregor Public School
  • Public
  • 6 - 8
St David Catholic Secondary School
  • Catholic
  • 9 - 12
Winston Churchill Public School
  • Public
  • JK - 6
Our Lady of Lourdes Catholic Elementary School
  • Catholic
  • JK - 8
Cedarbrae Public School
  • Public
  • JK - 6
Keatsway Public School
  • Public
  • JK - 6
Centennial (Waterloo) Public School
  • Public
  • 7 - 8
Empire Public School
  • Public
  • JK - 6
Elizabeth Ziegler Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Paul Nagpal
Phone:
(647) 833-9958
Office:
416-494-7653
Salesperson
Garima Nagpal
Phone:
(416) 312-5282
Office:
416-494-7653
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