Unit 303, 271 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
271 Lester Condos5 storeys, 20 suites, built 2015- 5Bedrooms
- 2Bathrooms
- 1Parking
- 1200–1399Sq Ft
- $3,713Tax
- $697/moCondo Fee
Estimated Value:$519,388See Free Estimate Report
Property not available for sale or for rent.
HOMEH One: full-service selling for a 1% listing fee. The buyer's agent commission is separate.
Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit 303, 271 Lester Street, Waterloo, Beechwood/University
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-04-24 | 2026-07-31 | Login to See Prices | Expired | x13041898 |
Real estate boards require you to or to see the full details of this property.
*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Unit 303, 271 Lester Street, Waterloo, Beechwood/University
Summarized Description
- Located near University of Waterloo and Wilfrid Laurier University.
- 5-bedroom, 2-bathroom setup ideal for student rentals.
- Immediate rental income with 3 rooms currently rented.
- Strong investment opportunity in student housing market.
- Close to public transit, restaurants, and amenities.
- Option for parents to purchase for children.
- Estimated gross income between $35,000 to $47,000 per year.
Student housing investment property located on Lester Street in Waterloo, within a 10-minute walk to the University of Waterloo and Wilfrid Laurier University. 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!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,713
- Land Transfer Tax Fee
- $7,473
Condo/Maintenance Fee
- Maintenance Fee
- $697 /month
Included In Maintenance Fee
- Heat Included
- Common Elements Included
- Water Included
- Building Insurance Included
- Parking Included
- Cable TV Included
- Basement Type
- None
Interior Features
- Pets Permitted
- No
- Laundry Features
- Common Area
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Apartment
- Building Style
- 1 Storey/Apt
- Condo Corp Number
- 586
Construction
- Exposure
- East
- Exterior Finish
- Brick
- Special Designation
- Unknown
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- Exclusive
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- None
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Bedroom—Main level
- Bedroom 2—Main level
- Bedroom 3—Main level
- Bedroom 4—Main level
- Bedroom 5—Main level
- Dining Room—Main level
- Kitchen—Main level
- Family Room—Main level
Washrooms
- 3-piece, Main
- 4-piece, Main
- Municipality
- Waterloo
- Neighbourhood
- Beechwood/University
- Main cross streets
- Hickory
- Directions
- University to Lester
- MLS® number
- X13041898
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-07-31
- Listed on
- 2026-04-24
- Days on market
- 98 days
- Possession type
- Flexible
- Co-op commission
- 2%+HST minus 1% if we show your buyer
- Seller
- Listed by
- RE/MAX TWIN CITY REALTY INC.
Home Market Value
Current home valuation for Unit 303, 271 Lester Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $549,900
HOMEH Estimate
$519,388
Estimated Sales Range
$452,566 - $620,633
HOMEH Estimate for Unit 303, 271 Lester Street, Waterloo, Beechwood/University
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
For the owner
Is this your home? Track its value.
Get this home's HOMEH Estimate by email once a month, with how many homes are for sale around you.
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
Data provided by OpenStreetMap & Fraser Institute School Rankings
Ask HOMEH
New!Hi there!
👋Text or call (416) 301-9001
Recommended for you
Based on homes you've looked at.
No recommended properties found.
Nearby similar homes
No nearby properties found.
More real estate resources
Other homes nearby
Explore this area
Nearby neighbourhoods
No nearby listings available.