Space
Finished area and layout
- Square Feet
- 1,200-1,399 sqft
- Bedrooms
- 5
- Bathrooms
- 2
+10 more
5
Bedrooms
2
Bathrooms
1,200-1,399 sqft
Square Feet
1
Parking
Property Snapshot
Key details for this listing
MLS #X14081834
Property
Type, style and structure
- Type
- residential
- Style
- condo apartment / Condo Apt
- Structure
- Mid Rise
- Ownership
About This Property
This 5-bedroom, 2-bathroom condo apartment in Waterloo offers 1,200-1,399 sqft of square feet. The home features central air, a none basement. Monthly condo fee of $696.71.
MLS Remarks
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:60351)
Full Listing Details
Address271 Lester Street 301, Waterloo, ON N2L 3W6
MLS#X14081834
Listing StatusActive
Property TypeResidential
Sub-TypeCondo apartment
TransactionSale
List DateOct 14, 2026
Days on Market11
Common InterestCondo/Strata
Annual Tax$3,891 (2026)
Condo Fee$697/mo
Fee IncludesHeat Included, Water Included, Parking Included, Building Insurance Included
Parking1
Parking TypeCovered
ExposureEast
Pets AllowedYes-with Restrictions
Structure TypeApartment
AttachedAttached
StyleApartment
ConstructionBrick Veneer, Concrete
Bedrooms5
Bathrooms2
Bedrooms Above Grade5
Square Feet1,200-1,399 sqft
Kitchens1
CityWaterloo
ProvinceOn
Postal CodeN2L 3W6
Total Parking1
Parking FeaturesCovered
CoolingCentral Air
BasementNone
CommunityPets Allowed With Restrictions
ExposureEast
Pets AllowedYes-with Restrictions
Fee IncludesHeat Included, Water Included, Parking Included, Building Insurance Included
Annual Tax$3,891 (2026)
Condo Fee$697/mo
Lester / University
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
