15
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$545,900
Est. payment /mo
5 Beds
2 Baths
New
271 Lester ST #301 Waterloo, ON N2L3W6
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Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200 - 1399
MLS® Listing ID X14081834
Bedrooms 5
Condo Fees $696/mo
Property Sub-Type Condo
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
Community Features Pets Allowed With Restrictions
View Y/N No
Attached Garage No
Total Parking Spaces 1
Garage Yes
Private Pool No
Others
Ownership Condominium/Strata
Listed by RE/MAX HALLMARK REALTY LTD.
NEARBY SCHOOL & BUSINESS
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