Condo for sale at 303-271 Lester Street, Waterloo, Ontario, N2L 3W6 - MLS: X13041898

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303-271 Lester Street

Waterloo, Ontario, N2L 3W6 -

$549,900

Neighbourhood
Major Intersection

Hickory

Listed Since: 97 day(s)
Last update: 4 day(s) ago

Overview

Property Type

Condo Apt, 1 Storey/Apt
Bedrooms

5
Bathrooms

2
Square Feet

1200-1399
Exposure

East
Total Parking

1
Maintenance

$697
Taxes

$3,713.00 (2025)
Balcony

None

Property Description

Property description for 303-271 Lester Street, Waterloo

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!

Listed by RE/MAX TWIN CITY REALTY INC.

Property details

MLS #

X13041898
Sq. Ft

1200-1399
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

None
Parking Type

Exclusive
Locker

None
Pets Permitted

N
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Cable, 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/a

MLS #

X13041898
Sq. Ft

1200-1399
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

None
Parking Type

Exclusive
Locker

None
Pets Permitted

N
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Cable, 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/a

Br

4.67 x 2.51 ft Main level
2nd Br

2.46 x 3.73 ft Main level
3rd Br

4.67 x 2.54 ft Main level
4th Br

467.0 x 2.59 ft Main level
5th Br

4.67 x 2.57 ft Main level
Dining

2.24 x 3.71 ft Main level
Kitchen

2.79 x 3.71 ft Main level
Family

3.02 x 5.46 ft Main level

Contact Manoj Kukreja

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

Property History

Property history for 303-271 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

204

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

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Closing Cost Calculator

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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.