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!
For sale
C$549,900
271 Lester St Unit 303, Waterloo, ON N2L 3W6
5beds
1,311sqft
Condo/Apt Unit, Residential, Condominium
Built in 2009
-- sqft lot
$-- Zestimate®
C$419/sqft
C$697/mo HOA
What's special
In-building laundry
- 69 days |
- 2 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Jon Hutton, Salesperson,
RE/MAX TWIN CITY REALTY INC.,
Cindy Cody, Broker,
RE/MAX Twin City Realty Inc.
Source: ITSO,MLS®#: 40822504Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 5
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom
- Features: 3-Piece
- Level: Main
Bathroom
- Features: 4-Piece
- Level: Main
Dining room
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range Hood, Refrigerator, Stove
- Laundry: Common Area
Features
- High Speed Internet, None
- Has fireplace: No
Interior area
- Total structure area: 1,311
- Total interior livable area: 1,311 sqft
- Finished area above ground: 1,311
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Exclusive, Outside/Surface/Open
- Uncovered spaces: 1
- Details: Assigned Space: 19
Features
- Exterior features: Landscaped, Year Round Living
- Frontage type: West
Lot
- Features: Urban, City Lot, Greenbelt, Hospital, Library, Park, Place of Worship, Public Parking, Public Transit, Schools, Shopping Nearby
Details
- Parcel number: 235860011
- Zoning: (H) rn-12
Construction
Type & style
- Home type: Condo
- Architectural style: 1 Storey/Apt
- Property subtype: Condo/Apt Unit, Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- 16-30 Years
- New construction: No
- Year built: 2009
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
- Utilities for property: Cable Connected, Natural Gas Connected, Recycling Pickup, Street Lights
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
HOA
- Has HOA: Yes
- Amenities included: Elevator(s)
- Services included: Insurance, Building Maintenance, C.A.M., Common Elements, Doors, Maintenance Grounds, Heat, Internet, Gas, Trash, Property Management Fees, Roof, Snow Removal, Water, Water Heater
- HOA fee: C$697 monthly
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: C$419/sqft
- Annual tax amount: C$3,713
- Date on market: 4/24/2026
- Inclusions: Dishwasher, Range Hood, Refrigerator, Stove
Jon Hutton, Salesperson
Jon Hutton, Salesperson
(519) 579-4110
By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Listed for sale | C$549,900C$419/sqft |
Source: ITSO #40822504 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: N2L
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Ontario
- Waterloo Regional Municipality
- Waterloo
- N2L 3W6
- 271 Lester St Unit 303
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Waterloo Topics
