For Sale: 303-271 Lester Street, Waterloo, ON - REW
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$549,900
5 bd • 2 ba • 1311 sf • Apt/Condo
303-271 Lester Street
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$549,900
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303 - 271 Lester StreetWaterloo, ON, N2L 3W6

  • 5 Bed
  • 2 Bath
  • 1311 Sqft
  • Apt/Condo

About this home

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!
Listed by: Jon Hutton, RE/MAX TWIN CITY REALTY INC.

Home facts and features

Price details
List Price
$549,900
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Gross Taxes for 2026
$3,713
Strata Maintenance Fees
$697 Monthly
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
1
Parking Details
Exclusive
Property Type
Apt/Condo
Year Built
Built in 2009 (17 yrs old)
Style
1 Storey/Apt
Heating Type
Forced Air,Natural Gas
Cooling
Central Air
Features
Carbon Monoxide Detector(s), Common Area, High Speed Internet, Landscaped, Security System, Smoke Detector(s), Year Round Living
Amenities
Elevator(s)
Appliances
Dishwasher, Range Hood, Refrigerator, Stove
Agent details
Primary Agent
Primary Broker
RE/MAX TWIN CITY REALTY INC.
Secondary Agent
Secondary Broker
RE/MAX TWIN CITY REALTY INC.
Listing details
Days on REW
43 Days
MLS® Number
40822504
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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25 Years
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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
Jon Hutton
Phone:
(226) 808-0746
Cell:
226-808-0746
Office:
519-579-4110
Cindy Cody
Phone:
(519) 579-4110
Office:
519-579-4110
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