301 - 271 LESTER STREET, Waterloo, Ontario, N2L3W6
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:2471)
McConkey Real Estate Corp. Brokerage
- 705-768-8865
- 705-745-4321
- 705-745-4324
- jcsullivan3@yahoo.ca
- Property Address: 301 - 271 LESTER STREET, Waterloo, Ontario, N2L3W6
- Property Type: Single Family
- Title: Condominium/Strata
- Driveway: Garage, Covered
- Total Parking Spaces: 1
- Maintenance Fee: 696.00
- Structure Style: Apartment
- Floor Space: 1200 - 1399 sqft
- Bedrooms: 5
- Bathrooms: 2-Total
- Basement Type: None
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick Veneer, Concrete
- Appliances Included: Dishwasher, Furniture, Stove, Window Coverings, Refrigerator
- Laundry- Coin operated
- Pets Allowed With Restrictions
Listing Offices: RE/MAX HALLMARK REALTY LTD.
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