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

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.
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
1 Day
MLS® Number
X13585568
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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