Condo for sale at 301-271 Lester Street, Waterloo, Ontario, N2L 3W6 - MLS: X13585568

new
for sale
for lease
sold
leased
terminated
expired
suspended

301-271 Lester Street

Waterloo, Ontario, N2L 3W6 -

$545,900

Neighbourhood
Major Intersection

Lester / University

Listed Since: 9 day(s)
Last update: 4 day(s) ago

Overview

Property Type

Condo Apt, Apartment
Bedrooms

5
Bathrooms

2
Square Feet

1200-1399
Exposure

East
Total Parking

1 Surface Garage
Maintenance

$697
Taxes

$3,891.00 (2026)
Balcony

None

Property Description

Property description for 301-271 Lester Street, 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.

Listed by RE/MAX HALLMARK REALTY LTD.

Property details

MLS #

X13585568
Sq. Ft

1200-1399
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Surface, 1 spaces
Parking Type

Owned
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Brick Veneer
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Parking, Water
Property Management

Wilson Blanchard
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

MLS #

X13585568
Sq. Ft

1200-1399
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Surface, 1 spaces
Parking Type

Owned
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Brick Veneer
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Parking, Water
Property Management

Wilson Blanchard
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 301-271 Lester Street, Waterloo

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Condo Apt in Waterloo

Active listings

205

Average Selling Price of a Condo Apt

June 2026

$415,554

Last 3 Months

$405,989

Last 12 Months

$429,027

June 2025

$459,191

Last 3 Months LY

$457,811

Last 12 Months LY

$472,794

Change

-10%

Change

-11%

Change

-9%

Historical Average Selling Price of a Condo Apt in

Average Selling Price

3 years ago

$482,855

Average Selling Price

5 years ago

$405,516

Average Selling Price

10 years ago

$294,000

Change

-14%

Change

41%

Number of Condo Apt Sold

June 2026

Last 3 Months

Last 12 Months

June 2025

Last 3 Months LY

Last 12 Months LY

Change

How many days Condo Apt takes to sell (DOM)

June 2026

Last 3 Months

Last 12 Months

June 2025

Last 3 Months LY

Last 12 Months LY

Change

-7%

Change

18%

Average Selling price

Inventory Graph

Mortgage Calculator

This data is for informational purposes only.

Mortgage Payment per month
Principal Amount	Interest
Total Payable	Amortization

Property Price

Amortization

Rate of Interest

Down Payment ($)

Down Payment (%)

Closing Cost Calculator

This data is for informational purposes only.

Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.