Listed by Re/Max Twin City Realty Inc..

303-271 Lester Street is a Condo Apt, 1 Storey/Apt and is currently for Sale @ $549,900. Taxes in 2025 were $3,713.00.

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Student housing investment property located on Lester Street in Waterloo, within a 10-minute walk to the University of Waterloo and Wilfrid Laurier University. The 1 Storey/Apt on 303-271 Lester Street has 5 bedrooms, 2 bathrooms, and is located in the community of . This 5-bedroom, 2-bathroom unit is set up for student rentals and includes a shared common area with kitchen, in-building laundry, and 1 surface parking space. Currently 3 of the 5 rooms are rented, providing immediate rental income with the ability to lease the remaining rooms. Estimated gross income ranges from approximately $35,000 to $47,000 per year depending on rental rates and occupancy. This is a strong opportunity for real estate investors looking for consistent rental demand in the Waterloo student housing market. The location is close to public transit, the ION light rail, restaurants, grocery stores, and campus amenities, making it highly attractive to tenants. This property is also a practical option for parents. A parent can purchase the unit for their child to live in while renting out the other 4 bedrooms to help offset costs and build equity. Don't miss out and book your showing today!

The address 303-271 Lester Street was listed for sale (MLS# X13041898) on Friday, April 24, 2026.