Unit 102, 271 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
271 Lester Condos5 storeys, 20 suites, built 2015- 5Bedrooms
- 2Bathrooms
- 1Parking
- 1200–1399Sq Ft
- $3,726Tax
- $697/moCondo Fee
Estimated Value:$519,362See Free Estimate Report
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit 102, 271 Lester Street, Waterloo, Beechwood/University
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About Unit 102, 271 Lester Street, Waterloo, Beechwood/University
Summarized Description
- Fully furnished 5-bedroom unit for investment.
- Turn-key with low condo fees.
- Monthly rental income of $4,300.
- Secure building with high tenant retention.
- Prime location near universities and amenities.
- Includes covered parking and appliances.
- Immediate occupancy for consistent cash flow.
- Modern finishes with open-concept living.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,726
- Land Transfer Tax Fee
- $7,473
Condo/Maintenance Fee
- Maintenance Fee
- $697 /month
Included In Maintenance Fee
- Building Insurance Included
- Common Elements Included
- Basement Type
- None
Interior Features
- Pets Permitted
- No
- Laundry Features
- In Building
- Laundry Level
- Main Level
- Interior Extras
- Carpet Free, Separate Hydro Meter, Ventilation System, Water Heater
- Security Features
- Carbon Monoxide Detectors, Concierge/Security, Security System, Heat Detector, Smoke Detector
- Fireplace/Stove
- No
- Elevator
- Yes
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Apartment
- Building Style
- 1 Storey/Apt
- Condo Corp Number
- 586
Construction
- Exposure
- East
- Exterior Finish
- Brick
- Roof
- Flat
- Foundation Details
- Concrete
- Special Designation
- Unknown
Inclusions
- 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
- Exclusions
- Tenant's Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- Owned
- Parking Spaces
- 1
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- None
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Primary Bedroom—Main level
- Bedroom 2—Main level
- Bedroom 3—Main level
- Bedroom 4—Main level
- Bedroom 5—Main level
- Bathroom—Main level, 3 Pc Bath
- Bathroom—Main level, 4 Pc Bath
- Kitchen—Main level
- Dining Room—Main level
- Family Room—Main level
Washrooms
- 4-piece, Main
- 3-piece, Main
- Municipality
- Waterloo
- Neighbourhood
- Beechwood/University
- Main cross streets
- University/Lester/Hickory
- Zoning
- (H) RN-12
- Directions
- University to Lester
- Waterfront
- None
- MLS® number
- X13482336
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-09-30
- Listed on
- 2026-06-23
- Days on market
- 99 days
- Possession type
- Flexible
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- RE/MAX Solid Gold Realty (II) Ltd
Home Market Value
Current home valuation for Unit 102, 271 Lester Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $549,900
HOMEH Estimate
$519,362
Estimated Sales Range
$452,543 - $620,602
HOMEH Estimate for Unit 102, 271 Lester Street, Waterloo, Beechwood/University
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $49,900 over $500K
$29,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $20,786 | $15,342 | $13,088 | $0 |
=Total mortgage | $540,441 | $510,252 | $480,503 | $439,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,639monthly | $2,491monthly | $2,346monthly | $2,148monthly |
Land Transfer Tax
$7,473
$7,473
Around this home
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