271 Lester Street 301, Waterloo, ON N2L 3W6
Waterloo
A five-bedroom condo, a short walk from both the University of Waterloo and Wilfrid Laurier University, this is a flexible income property suited to investors and to parents buying for a student. Two rooms are tenanted and three are available for September 1, so a buyer can lease the open rooms at current market rent, or a parent can house their own student in one room and rent the others, often to the student's friends, so the rental income offsets the cost of ownership. The economics are clean: heat, water and one owned parking space are all included in the monthly condo fee, and tenants pay their own hydro, so ongoing owner costs stay low and predictable. As a condo, it also spares an owner the exterior upkeep, roof and grounds maintenance that come with a student-rental house, keeping day-to-day 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, bright east exposure, and the convenience of an elevator and on-site laundry, and it comes furnished. The owned parking space is a rarity here, where most units come with none, and the building itself is notably quiet. Location drives the demand: the ION light rail is within about a ten minute walk at both the Laurier-Waterloo Park and University of Waterloo stations, University Shops Plaza puts groceries and a wide range of restaurants at the doorstep, and Waterloo Park and both campuses are all close by, keeping these rooms easy to fill each September. A practical, well-located asset in one of Ontario's tightest student housing markets, with flexible possession to suit your timeline.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 271 Lester Street 301, Waterloo, ON N2L 3W6
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MLS# X13585568
Listed by RE/MAX HALLMARK REALTY LTD.
On market since Jul 20, 2026
271 Lester Street 301, Waterloo, ON N2L 3W6 is listed for $545,900 CAD.
271 Lester Street 301, Waterloo, ON N2L 3W6 has 5 bedrooms and 2 bathrooms.
271 Lester Street 301, Waterloo, ON N2L 3W6 is a Condo Apartment.
271 Lester Street 301, Waterloo, ON N2L 3W6 is in Waterloo, Ontario.
271 Lester Street 301, Waterloo, ON N2L 3W6 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 271 Lester Street 301, Waterloo, ON N2L 3W6 (MLS# X13585568). You can also send a message through the contact form on this site.
