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5+ Days Ago
Highlights
Pet Friendly
Location
121 University Ave E, Waterloo, ON N2J 4J1, CAN|Lincoln Heights
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Property Overview
121 University Ave E earns a strong overall rating with standout marks for price, amenities, and location, suggesting solid value and everyday convenience. It also offers a helpful photo set and is noted for public transit access, thermostats, and walkable surroundings, making it appealing for renters who value ease and sustainability.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Images Available
Great for
Eco living
Floor plans
| Unit 19 Room 5 | 5 bed | 2.5 bath | 1,250 sqft |
Let's explore this property.
Amenities for 121 University Ave E
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Central Heat | Vinyl Plank Floors |
Appliances
| Dishwasher | Dishwasher Available |
| Fridge | In-Unit Laundry |
| Individual Thermostats | Stove |
| Washer In-Suite |
Tech
| Internet Ready |
Building
| Cats OK | Dogs OK |
| No Smoking Allowed | Onsite Laundry |
Neighborhood
| Convenience Store | Public Transit |
| Shopping Nearby |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Deposit
One-time.
$750
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Building details
Property details
| Lease terms | 12 months |
|---|
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About 121 University Ave E
Managed by Golden Fortuna Inc.
Large Bedroom Available in All‑Female Home The home features 2.5 bathrooms, en‑suite laundry, and a comfortable shared living environment. Located directly across from Conestoga College and conveniently close to Wilfrid Laurier University and the University of Waterloo, making it ideal for students or young professionals. Nestled in the heart of Waterloo, 121 University Ave W places you steps from everything the city has to offer. The property is situated directly across from Conestoga College and within close proximity to Wilfrid Laurier University, making it an ideal home for students and young professionals alike. The surrounding neighbourhood features convenient access to bus stops, shops, banks, restaurants, and everyday amenities. Set within a well-established community with mature trees and a welcoming atmosphere, residents enjoy the perfect balance of urban convenience and residential comfort.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 121 University Ave E is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 121 University Ave E has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
121 University Ave E offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
121 University Ave E stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
121 University Ave E is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 121 University Ave E does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
121 University Ave E provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
121 University Ave E is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 121 University Ave E compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
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Available rentals nearby
Rent trends in Lincoln Heights
Median rents as of Jun 13 2026.
Lincoln Heights
Waterloo
| Month | Median Rent |
|---|---|
| June 2024 | $2,300 |
| July 2024 | $2,316 |
| August 2024 | $2,322 |
| September 2024 | $2,351 |
| October 2024 | $2,392 |
| November 2024 | $2,307 |
| December 2024 | $2,259 |
| January 2025 | $2,212 |
| February 2025 | $2,298 |
| March 2025 | $2,276 |
| April 2025 | $2,237 |
| May 2025 | $2,261 |
| June 2025 | $2,285 |
| July 2025 | $2,278 |
| August 2025 | $2,172 |
| September 2025 | $2,062 |
| October 2025 | $2,037 |
| November 2025 | $2,024 |
| December 2025 | $2,033 |
| January 2026 | $2,014 |
| February 2026 | $2,019 |
| March 2026 | $2,011 |
| April 2026 | $2,000 |
| May 2026 | $1,998 |
| June 2026 | $1,998 |
| Month | Median Rent |
|---|---|
| September 2024 | $2,149 |
| October 2024 | $2,149 |
| November 2024 | $2,202 |
| April 2025 | $1,999 |
| September 2025 | $2,040 |
| October 2025 | $2,025 |
| April 2026 | $2,011 |
| May 2026 | $2,012 |
| June 2026 | $2,021 |
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Internet available near 121 University Ave E
Getting around Waterloo near 121 University Ave E
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 121 University Ave E, Waterloo
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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