271 Lester Street, Unit 301

As stated by the MLS®, nothing inferred.

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Apartment

$300,000

Below recent sales

253 Albert Street, Unit 103

1 bed · 2 bath·700-799 sq ft·$525/mo fee

Waterloo

Listed 71 days ago · RE/MAX Twin City Realty Inc.

Condo Townhouse

$545,000

Below recent sales

288 Albert Street, Unit 113

3+2 bed · 3 bath·1600-1799 sq ft·1 parking·$582/mo fee

Waterloo

Listed 14 days ago · Realty Wealth Group Inc.

Condo Apartment

$379,999$389,999↓Price reduced from $389,999

Below recent sales

62 Balsam Street, Unit H204

1 bed · 2 bath·900-999 sq ft·1 parking·$781/mo fee

Waterloo

Listed 38 days ago · eXp Realty

Condo Townhouse

$499,000

Below recent sales

62 Balsam Street, Unit T101

4 bed · 3 bath·1600-1799 sq ft·1 parking·$1,273/mo fee

Waterloo

Listed 58 days ago · Homelife Superstars Real Estate Limited

Condo Apartment

$499,000

In line with recent sales

258B Sunview Street, Unit 215

3 bed · 2 bath·1000-1199 sq ft·$639/mo fee

Waterloo

Listed 59 days ago · Right At Home Realty

Condo Townhouse

$588,800

In line with recent sales

288 Albert Street, Unit 216

3+1 bed · 3 bath·1600-1799 sq ft·1 parking·$648/mo fee

Waterloo

Listed 24 days ago · Royal LePage Signature Realty

Fully tenanted five-bedroom condo steps from both the University of Waterloo and Wilfrid Laurier University - a turnkey investment generating income from day one. All five rooms are currently leased at $4,550 per month in gross rent, so you step into immediate, predictable cash flow with no lease-up period. The economics are clean and the margins protected: heat, water and one owned parking space are included in the monthly condo fee, tenants pay their own hydro, and as a condo you avoid the roof, exterior, and grounds maintenance that erode returns on a student-rental house - keeping management focused on the tenants alone. The roughly 1,355 square foot layout offers five well-proportioned bedrooms, an upgraded kitchen, and two full bathrooms, with gas forced-air heat, central air conditioning, elevator, and on-site laundry. It comes furnished, so the unit stays rent-ready between terms. The owned parking space is a rarity here, where most units come with none, and adds a second income lever or a standout perk that keeps rooms easy to fill. Location drives the demand: ION light rail is about a ten minute walk at both the Laurier-Waterloo Park and University of Waterloo stations, University Shops Plaza puts groceries and restaurants at the doorstep, and both campuses are close by, keeping occupancy tight each September. A practical, well-located asset in one of Ontario's tightest student housing markets, with rooms rolling through 2026 and 2027 and flexible possession to suit your timeline.