Maintenance fees
$696.70
Locker
-
Exposure
-
Possession
-
Price per sqft
$419
Taxes
$3,713 (2025)
Outdoor space
-
Age of building
11 years old
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Description
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!
Broker: RE/MAX TWIN CITY REALTY INC.
MLS®#: 40822504
Property details
Neighbourhood:
Parking:
Yes
Parking type:
Other
Property type:
Condo Apt
Heating type:
Forced Air
Style:
1 Storey/Apt
Ensuite laundry:
-
MLS Size:
1311 sqft
Listed on:
Apr 24, 2026
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Bathroom | 2.59 x 1.68 ft | |
Bedroom | 4.67 x 2.51 ft | |
Bedroom | 4.67 x 2.59 ft |
Instant estimate:
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Elevator
Visitor Parking
Included in Maintenance Fees
Heat
Water
Air Conditioning
Building Insurance
Common Element
Parking
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Featured
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