Paul Busnello

Sales Representative

Contact Paul Busnello

What do you want to do next?

Buy a Home Sell my Home

271 LESTER Street Unit# 303, Waterloo, Ontario

$549,900

5 Beds
2 Baths
1,311 Square Feet

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:23309)

Listing ID: 40822504
Property Type: Single Family
Year Built: 2009

View Additional Photos

Schedule a Tour

Don't have a real estate agent? Use the calendar to schedule a showing with Paul Busnello to view this property.

Schedule Private Tour

Paul Busnello would happily provide a private viewing if you would like to schedule a tour.

Match your Lifestyle with your Home

Contact Paul Busnello, who specializes in Waterloo real estate, on how to match your lifestyle with your ideal home.
Get Started Now

Lifestyle Matchmaker

Let Paul Busnello find a property to match your lifestyle.

Rooms

Level	Type	Dimensions
Family room	Main level	9'11'' x 17'11''
Kitchen	Main level	9'2'' x 12'2''
Dining room	Main level	7'4'' x 12'2''
4pc Bathroom	Main level	8'6'' x 5'6''
3pc Bathroom	Main level	8'1'' x 4'7''
Bedroom	Main level	15'4'' x 8'5''
Bedroom	Main level	15'4'' x 8'6''
Bedroom	Main level	15'4'' x 8'4''
Bedroom	Main level	8'1'' x 12'3''
Bedroom	Main level	15'4'' x 8'3''

Details

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Communication: High Speed Internet
Features: Conservation/green belt, No Pet Home
Maintenance Fee: 696.70
Maintenance Fee Type: Insurance, Common Area Maintenance, Heat, Landscaping, Property Management, Water, Residential Manager
Maintenance Fee Payment Unit: Monthly
Ownership: Condominium
Parking Spaces: 1
Transaction: For sale
Zoning Description: (H) rn-12

Building

Appliances: Dishwasher, Refrigerator, Stove, Hood Fan
BasementType: None
Bedrooms Main Level: 5
Constructed Date: 2009
Construction Style Attachment: Attached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Fire Protection: Smoke Detectors, Security system
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1311 sqft
Stories Total: 1
Type: Apartment
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Sewer: Municipal sewage system

Listing provided by RE/MAX TWIN CITY REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 271 LESTER Street Unit# 303 in Waterloo Ontario. It was last modified on April 24th, 2026. Contact Paul Busnello to schedule a viewing or to discover other Waterloo properties for sale.

Request More Information

Want more information or schedule a showing? Request more information with Paul Busnello, who specializes in Waterloo properties.

Terms of Use Agreement

Terms of Use
This website is operated by Paul Busnello, a REALTOR® who is a member of The Canadian Real Estate Association (CREA). The content on this property is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Paul Busnello, and CREA.

Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Amendments
Paul Busnello may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

Agree Decline