Menu
Logo
647-913-0470
Close
Buying
Selling
Communities
About
15
$545,900 Sale
Listed 12 days ago
271 Lester Street #301
· 5
· 2
· 1
· 1200-1399
Key Facts
Key facts for 271 Lester Street #301
Property Type
Condo, Apartment
Parking
Covered 1 garage, 1 parking
MLS #
X14081834
Size
1200-1399 sqft
Basement
None
Listed on
2026-10-14
Lot size
-
Tax
$3,891 /yr
Days on Market
14
Approximate Age
-
Maintenance Fee
$696.71/mo Heating, Parking, Wa...
Description
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.
Similar Properties (No results)
Courtesy of: RE/MAX HALLMARK REALTY LTD.