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Basara.

Waterloo · Beechwood/University · Townhouse · MLS# 40805174

271 LESTER Street Unit# 102

$569,900

5

bed

2

bath

1,307

sqft

2009

built

Townhouse · $436/sqft

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Listed February 20, 2026

About this home.

Prime Investment Opportunity – Fully Furnished 5-Bedroom Unit Near Universities. Monthly Rental Income: $4,300 | Low Condo Fees | Covered Parking Included This turn-key 5-bedroom, 2-bathroom condo offers an exceptional investment opportunity in a highly sought-after building, steps from University of Waterloo and Wilfrid Laurier University. Designed to maximize rental income, this unit comes fully furnished with zero property management fees, ensuring hassle-free cash flow from day one.Key Features include: Spacious Living Area: Open-concept living, dining, and kitchen, fully furnished with modern finishes. Five Bedrooms: Each bedroom features large windows and under-bed storage, dresser drawers, providing functional and comfortable living spaces for tenants. Secure Building: 24-hour security and a well-managed building ensure a safe environment and high tenant retention. Prime Location: Walk to campus, shopping, restaurants, and other local amenities. Parking: Rarely available in this building, included with the unit. Included Furnishings & Appliances: Refrigerator, stove, dishwasher, microwave, hood fan, beds with mattresses, desks with chairs, under-bed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking a reliable, high-demand rental property, this unit offers immediate possession and consistent income with a 6.23% Cap Rate. (id:59491)

The full record.

Property typeTownhouse
Year built2009
Square footage1,307 sqft
Lot size0
Bedrooms5
Bathrooms2
HeatingForced air
CoolingCentral air conditioning
ListedFebruary 20, 2026

How this listing prices against Beechwood/University.

12

Sales

$565,500

Median price

29

Days on market

95.6%

% of list

105

Active listings

N/A

Months supply

Read the full Waterlooreport →

Estimate the monthly carry.

Down payment
%($113,980)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$2,610

Principal$455,920
Total interest$327,014
Total paid$782,934

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

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271 LESTER Street Unit# 102, Waterloo — $569,900