102 - 271 Lester Street
Waterloo, ON
- 5 bed
- 2 bath
- approx. 1200-1399 sqft
- Condo Apartment
- 82 days on market
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.
Listing Details
- Taxes (2025)
- $3,726
- Listed
- June 23, 2026
Price History
Listing history
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Property
- Style
- 1 Storey/Apt
- Construction
- Brick
- Roof
- Flat
- Foundation
- Concrete
- Interior
- Carpet Free, Separate Hydro Meter, Ventilation System, Water Heater
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 1
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- University/Lester/Hickory
- Zoning
- (H) RN-12
- Parcel Number
- 235860007
- Possession
- Flexible
- Occupancy
- Tenant
Condo
- Maintenance Fee
- $697/month
- Fee Includes
- Building Insurance Included, Common Elements Included
- Pets
- No
- Locker
- None
- Balcony
- None
Included
- Inclusions
- Dishwasher, Furniture, Microwave, Range Hood, Refrigerator, Stove, Refrigerator, Hood Fan, Stove, Dishwasher, ELFS, Window Coverings, 5 Beds With Mattresses, 5 Desks With Chairs, 5 2-Drawer Cabinets, Dining Table With Chairs, 1 3-Seat Couch, 2 Single Couches, 1 Coffee Table, Microwave
- Exclusions
- Tenant's Belongings
Schools
Secondary
- Waterloo Collegiate Institute0.6 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1.1 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.9 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School1 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1.2 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Cedarbrae Public School1.8 km
Public · Waterloo Region DSB · 240 students
Grade 3 reading: 21% met the provincial standard · Grade 6 math: 14% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Condo & Other in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,026
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,026 recorded sales of residential condo & other properties in Waterloo over the last 12 months.
Rooms
4-piece on Main, 3-piece on Main
Main
- Bathroom5'6" x 9'5"
- Bathroom8'2" x 4'8"
- Bedroom 215'4" x 8'3"
- Bedroom 315'4" x 8'5"
- Bedroom 48'2" x 12'4"
- Bedroom 515'4" x 8'6"
- Dining Room9'8" x 12'8"
- Family Room9'7" x 17'2"
- Kitchen10'6" x 8'8"
- Primary Bedroom15'4" x 8'5"
Listed by
RE/MAX Solid Gold Realty (II) Ltd
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$109,980
Estimated Monthly Payment
$2,701
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,701/mo (20% down, 5.5%)
Taxes: $311/mo · Insurance: $137/mo
Maint: $697/mo
Estimates only. Consult a financial advisor.
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