Unknown for 271 Lester St #102, Waterloo Ontario N2L 3W6
2 days on Market

271 Lester St #102, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1200-1399 sqft
$569,900
Get pre-qualifiedPowered by nesto
Condo
5
2
~1200-1399 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$441/sqft

Monthly cost

Open Calculator

Description

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

Style1 Storey/Apt
View-
Age of property-
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX12806348
Community NameColumbia
Data SourceTRREB
Listing byRE/MAX Solid Gold Realty (II) Ltd

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Primary

4.68 x 2.56

2nd Br

4.68 x 2.51

Bathroom

1.68 x 2.86

4 Pc Bath

3rd Br

4.68 x 2.57


Parking

Garage spaces -

Garage type -

Total parking spaces 1


1Story
Elevator
Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by RE/MAX Solid Gold Realty (II) Ltd, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Columbia

Geo Zone Map ThumbnailColumbia

Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

76 days

Compared to

2025

72 days

2024

53 days

2023

53 days

New Listings

Past 30 days

38 listings

Compared to

2025

44 listings

2024

34 listings

2023

33 listings

Units sold

Past 30 days

13 units

Compared to

2025

10 units

2024

8 units

2023

10 units

Median Sold Price

Past 30 days

$435,000

Compared to

2025

$357,500

2024

$392,500

2023

$476,500


Population and Demographics

Overview

Total population 7359
Average household income $71,241

Age (%)

0 to 19
15%
20 to 34
64%
35 to 49
9%
50 to 64
7%
65 and plus
5%

Household composition (%)

Single person
40%
Multi person
32%
Single family
28%
Multi family
0%

Mother tongue (%)

English
56%
Mandarin
17%
Hindi
5%
Others
3%
Punjabi (Panjabi)
3%
Arabic
3%
Gujarati
2%
Spanish
2%
Telugu
1%

House tenancy (%)

Renters
86%
Owners
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget