271 Lester Street 203
Waterloo, N2L 3W6
FOR SALE
$549,900

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Property Description
PARENTS! LOOKING FOR AN INVESTMENT while your child attends University? Cash Flowing Investment Opportunity - Fully Furnished 5-Bedroom Unit Near Universities. Potential Monthly Rental Income: $4,300/mth | Low Condo Fees | Parking Included This turn-key 5-bedroom, 2-bathroom condo offers an exceptional investment opportunity in a highly sought-after building, steps from University of Waterloo and Wilfrid Laurier University. Designed to maximize rental income, this unit comes fully furnished with zero property management fees, ensuring hassle-free cash flow from day one.Key Features include: Spacious Living Area: Open-concept living, dining, and kitchen, fully furnished with modern finishes. Five Bedrooms: Each bedroom features large windows and under-bed storage, dresser drawers, providing functional and comfortable living spaces for tenants. Secure Building: 24-hour security and a well-managed building ensure a safe environment and high tenant retention. Prime Location: Walk to campus, shopping, restaurants, and other local amenities. Parking: Rarely available in this building, included with the unit. Included Furnishings & Appliances: Refrigerator, stove, dishwasher, microwave, hood fan, beds with mattresses, desks with chairs, under-bed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking a reliable, high-demand rental property, OR A parent looking for a solid investment while their child attends UofW or Laurier! Can be available for your child looking to attend University in the fall. You can't beat the location - hurry before it's gone!
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2017-01-18 | 2017-04-24 | 96 | $509,000 | $582,000 |
Nearby Intersections
Property Features
Greenbelt/Conservation, Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, Carpet Free, Separate Hydro Meter, Ventilation System, Water Heater, Surface, In Building, Carbon Monoxide Detectors, Concierge/Security, Security System, Heat Detector, Smoke Detector
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Property Details
Address
271 Lester Street 203
City
Postal Code
N2L 3W6
Property Type
Condo Apartment, Condo Apartment
Zoning
(H) RN-12
Taxes
$3,713 (2025
Basement
None
Heat Type
Forced Air
Heat Source
Electric
Parking Spaces
1
Parking 1
Owned
Garage Type
Surface
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Listing contracted with Re/Max Solid Gold Realty (Ii) Ltd
Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester St has the potential to generate over $49,000/year in gross rental income with positive monthly cash flow. Just steps to Wilfrid Laurier University and the University of Waterloo, this high-demand location ensures consistent tenancy. Features include a spacious open-concept living area, two full baths, included furniture, and professional property management options for a completely hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and proximity to transit, shops, and amenities.
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Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester St has the potential to generate over $49,000/year in gross rental income with positive monthly cash flow. Just steps to Wilfrid Laurier University and the University of Waterloo, this high-demand location ensures consistent tenancy. Features include a spacious open-concept living area, two full baths, included furniture, and professional property management options for a completely hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and proximity to transit, shops, and amenities.
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Location! Location! This 4 Bedroom Condo Unit is steps away from The University of Waterloo and the property is great for students, professionals, and families. This Condo Unit is Available at 109 Westmount Road North. Vacant Possession from April 30 2026. Renovated in 2020 with 2 bathrooms, 6 appliances, and an open-concept kitchen with cabinetry/storage and in-suite laundry. Invest in this great condo or move in. Vacant May 1, 2026. This building has a garage with secure storage and parking. Surrounded by schools, transit, shopping, and Waterloo Park. The closest major intersection is University Ave West and Westmount Rd N.
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