271 LESTER Street Unit# 303

About this property

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! (id:66549)

Details

Bedrooms

5

Bathrooms

2

Size

1,311 sq ft

Property type

House

Year built

2009

Stories

1

Parking spaces

1

Heating

Forced air, Natural gas

Neighbourhood

417 - Beechwood/University

Postal code

N2L3W6

MLS® Number

40822504

Status

For Sale

Features

• Air Conditioning
• Dishwasher
• Laundry
• Parking

Location