271 LESTER Street Unit# 303

Key facts

• Property type: Single Family
• Structure: Apartment
• Transaction: For Sale
• Price: $549,900
• Bedrooms: 5
• Bathrooms: 2
• Interior size: 1,311 sqft
• Year built: 2009
• Parking: 1
• Listing key: 29653759

Listing overview

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 pa...