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Hady Amin

[email protected] +1(226) 988-6700

Listed by Jon Hutton • RE/MAX TWIN CITY REALTY INC.

$ 549,900

Est. payment | -/mo

5 Beds

2 Baths

1,311 SqFt

Save Virtual Tour

$ 549,900

Est. payment | -/mo

Save Virtual Tour

5 Beds

2 Baths

1,311 SqFt

Key Details

Property Type Condo

Sub Type Condo/Apt Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,311 sqft

Price per Sqft $419

MLS Listing ID 40822504

Style 1 Storey/Apt

Bedrooms 5

Full Baths 2

HOA Fees $696/mo

HOA Y/N Yes

Abv Grd Liv Area 1,311

Year Built 2009

Annual Tax Amount $3,713

Property Sub-Type Condo/Apt Unit

Source Cornerstone

Property Description

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 parent can purchase the unit for their child to live in while renting out the other 4 bedrooms to help offset costs and build equity. Don't miss out and book your showing today!

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning (H) rn-12

Direction University to Lester

Rooms

Main Level Bedrooms 5

Kitchen 1

Interior

Interior Features High Speed Internet, None

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Range Hood, Refrigerator, Stove

Laundry Common Area

Exterior

Exterior Feature Landscaped, Year Round Living

Parking Features Exclusive

Utilities Available Cable Connected, Natural Gas Connected, Recycling Pickup, Street Lights

Roof Type Metal

Garage No

Building

Lot Description Urban, City Lot, Greenbelt, Hospital, Library, Park, Place of Worship, Public Parking, Public Transit, Schools, Shopping Nearby

Faces University to Lester

Foundation Concrete Perimeter

Sewer Sewer (Municipal)

Water Municipal

Architectural Style 1 Storey/Apt

Structure Type Brick

New Construction No

Others

HOA Fee Include Insurance,Building Maintenance,C.A.M.,Common Elements,Doors ,Maintenance Grounds,Heat,Internet,Gas,Trash,Property Management Fees,Roof,Snow Removal,Water,Water Heater

Senior Community No

Tax ID 235860011

Ownership Condominium

Virtual Tour https://unbranded.iguidephotos.com/303_271_lester_st_waterloo_on/

Nearby Locations

Hady Amin

Agent

+1(226) 988-6700 | [email protected]

271 Lester Street #303 Waterloo, ON N2L 3W6

Hady Amin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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271 Lester Street #303