5+ Days Ago
Location
321 Lester St, Waterloo, ON N2L 3W6, CAN|Downtown Waterloo
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Property Overview
Lester Lofts is a highly rated rental option, with an overall expert score of 8.8/10 driven by perfect 10/10 ratings for both price and amenities, and a strong 9/10 for its convenient location. Renters benefit from detailed, transparent listing information (7/10 trustworthiness), ample photos for previewing the property, and features that support working from home, including high-speed internet, utilities included, and common areas suitable for meetings or remote work.
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- Outdoor space
Great for
Work-from-home
Floor plans
| Suite F | 5 bed | 2 bath | $845 /mo | 1 unit available | |||
| Suite D | 5 bed | 2 bath | $845 /mo | 1 unit available | |||
| Suite A | 5 bed | 2 bath | $845 /mo | 1 unit available | |||
| Suite B | 5 bed | 2 bath | $845 /mo | 1 unit available | |||
| Suite E | 5 bed | 2 bath | $845 /mo | 1 unit available | |||
| Suite C | 5 bed | 2 bath | $845 /mo | 1 unit available |
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Amenities for Lester Lofts
Apartment Amenities
| Balcony | Furnished |
| Utilities Included |
Appliances
| Fridge | Stove |
Tech
| Internet Included |
Building
| Bicycle Room | Controlled Access |
| Elevator | No Smoking Allowed |
| Onsite Laundry | Residents Lounge |
Grounds
| Assigned Parking |
Services
| 24/7 Emergency Service |
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
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Covered Lot
Surface Lot
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 2010 |
|---|---|
| Lease terms | 12 months |
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About Lester Lofts
Managed by Domus Inc.
321 Lester Student Apartment in Waterloo, ON Welcome to 321 Lester Student Apartment, a premier student living community located in the heart of Waterloo, Ontario. Nestled in a vibrant neighborhood near the University of Waterloo, this modern residence offers an unparalleled living experience designed to cater to the unique needs of students. Modern Living Spaces 321 Lester features contemporary, fully-furnished apartments designed with students in mind. Each unit is thoughtfully equipped with high-quality furniture, ample storage space, and modern appliances to create a comfortable and functional living environment. High-speed internet and utilities are included, allowing you to focus on your studies without the hassle of additional bills. Amenities Residents of 321 Lester enjoy access to a range of amenities that enhance their living experience: - Study Rooms: Quiet and well-equipped spaces perfect for group projects or individual study sessions. - Common Areas: Comfortable and stylish lounges where you can relax, socialize, and make new friends. - On-site Laundry: Convenient laundry facilities within the building. Safety and Security Your safety is our priority. 321 Lester is equipped with secure entry systems, 24/7 surveillance, and professional property management to ensure a safe and secure living environment for all residents. Community and Events At 321 Lester, we believe in fostering a strong sense of community. Regular social events and activities are organized to help you connect with fellow students, make lasting friendships, and create unforgettable memories during your university years. Why Choose 321 Lester? Choosing 321 Lester means opting for a balanced lifestyle where academic excellence meets modern convenience. Experience the best of student living in a vibrant and supportive community, just steps away from the University of Waterloo. Make 321 Lester your home away from home and enjoy a student-living experience like no other.
Year Built: 2010
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, Lester Lofts is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Lester Lofts 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.
Lester Lofts 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.
Lester Lofts 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—furnished rental—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.
Lester Lofts 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 Lester Lofts 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.
Lester Lofts 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.
Lester Lofts 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 Lester Lofts compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Downtown Waterloo
Median rents as of Apr 11 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| April 2024 | $895 |
| May 2024 | $895 |
| June 2024 | $895 |
| July 2024 | $895 |
| August 2024 | $895 |
| September 2024 | $895 |
| October 2024 | $895 |
| November 2024 | $895 |
| December 2024 | $895 |
| January 2025 | $895 |
| February 2025 | $895 |
| March 2025 | $895 |
| April 2025 | $895 |
| May 2025 | $825 |
| June 2025 | $795 |
| July 2025 | $795 |
| August 2025 | $788 |
| September 2025 | $795 |
| October 2025 | $795 |
| November 2025 | $795 |
| December 2025 | $795 |
| January 2026 | $920 |
| February 2026 | $795 |
| March 2026 | $795 |
| April 2026 | $795 |
| Month | Median Rent |
|---|---|
| April 2024 | $895 |
| May 2024 | $895 |
| June 2024 | $895 |
| July 2024 | $895 |
| August 2024 | $895 |
| September 2024 | $870 |
| October 2024 | $882 |
| November 2024 | $895 |
| December 2024 | $895 |
| January 2025 | $895 |
| February 2025 | $895 |
| March 2025 | $875 |
| April 2025 | $795 |
| May 2025 | $795 |
| June 2025 | $795 |
| July 2025 | $768 |
| August 2025 | $1,027 |
| September 2025 | $795 |
| October 2025 | $1,173 |
| November 2025 | $1,428 |
| December 2025 | $1,418 |
| January 2026 | $1,245 |
| February 2026 | $795 |
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Internet available near Lester Lofts
Getting around Waterloo near 321 Lester St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
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 321 Lester St, Waterloo
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Variety of cafés within walking distance
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Explore the area around 321 Lester St
India Food & Grocery
275 Larch St
Paul & Mallory's No Frills
24 Forwell Creek Rd
Wholesale Club
24 Forwell Creek Rd
Walmart Supercentre
70 Bridgeport Rd E
BulkBarn
66 Bridgeport Rd E
Bart & Maria Tailoring
60 Regina St N
Unique Boutique
26 Young St E
Wholesale Club
24 Forwell Creek Rd
Express Tailor
27 Bridgeport Rd E
Nadia's Jewellery
27 Bridgeport Rd E
Tim Hortons
151 Columbia St W
Second Cup
150 University Ave W
Williams Fresh Cafe
170 University Ave W
Starbucks
200 University Ave W
Tim Hortons
200 University Ave W
Molly Bloom's Irish Pub
170 University Ave W
Williams Fresh Cafe
170 University Ave W
Pin Up Arcade Bar
247 King St N
Morty's Pub
272 King St N
Thirsty's Bar & Grill
465 Phillip St
Popeye's Supplements
158 University Ave W
St Cinnamon Bakery Cafe
170 University Ave W
Brady's Meat & Deli
465 Phillip St
Just Love Pie
33 Erb St W
The Crumby Cookie Dough Company Inc
8 Regina St N
Waterloo Park
Waterloo Park
Brighton Park
Heasley Park
Hillside Park Facility
Naija Jollof
280 Lester St
Now Tea
280 Lester St
Student's Delight Restaurant
280 Lester St
Ken Sushi
256 Phillip St
Tim Hortons
151 Columbia St W
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ION Light Rail
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Research / Technology Station
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