#102 271 Lester Street - Photo 1
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Condo ApartmentActive

#102 271 Lester Street

Waterloo, ON N2L 3W6

$549,900

+ $696.70/mo maintenance

5

Bedrooms

2

Bathrooms

1

Kitchens

1200-1399

Sqft

1

Parking

About This Property

Prime Investment Opportunity - Fully Furnished 5-Bedroom Unit Near Universities. Monthly Rental Income: $4,300 | Low Condo Fees | Covered Parking Included This turn-key 5-bedroom, 2-bathroom condo offers an exceptional investment opportunity in a highly sought-after building, steps from University of Waterloo and Wilfrid Laurier University. Designed to maximize rental income, this unit comes fully furnished with zero property management fees, ensuring hassle-free cash flow from day one.Key Features include: Spacious Living Area: Open-concept living, dining, and kitchen, fully furnished with modern finishes. Five Bedrooms: Each bedroom features large windows and under-bed storage, dresser drawers, providing functional and comfortable living spaces for tenants. Secure Building: 24-hour security and a well-managed building ensure a safe environment and high tenant retention. Prime Location: Walk to campus, shopping, restaurants, and other local amenities. Parking: Rarely available in this building, included with the unit. Included Furnishings & Appliances: Refrigerator, stove, dishwasher, microwave, hood fan, beds with mattresses, desks with chairs, under-bed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking a reliable, high-demand rental property, this unit offers immediate occupancy and consistent income with a 6.23% Cap Rate.

Property Details

MLS® NumberX12806348
Property TypeCondo Apartment
StatusActive
TransactionFor Sale
BalconyNone
ExposureEast
GarageNone
LockerNone
Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air
Cross StreetUniversity/Lester/Hickory
Annual Tax$3,726
Tax Year2025
Last UpdatedMay 1, 2026

Interior Features

Carpet FreeSeparate Hydro MeterVentilation SystemWater Heater

Maintenance Fee Includes

Building Insurance IncludedCommon Elements Included
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data provided by Toronto Regional Real Estate Board (TRREB). Not intended to solicit clients already under contract.

$549,900

+ $696.70/mo maintenance

Listed by: RE/MAX Solid Gold Realty (II) Ltd

Listing Info

MLS® #X12806348
CityWaterloo
Postal CodeN2L 3W6
UpdatedMay 1, 2026
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