271 Lester Street Unit 301
Waterloo · University District, Ontario N2L3W6
5
Bedrooms
2
Bathrooms
1,200
Sq Ft
—
Year Built
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.
Pets Allowed With Restrictions
Posted rates as of Sep 9, 2026 (Bank of Canada)
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