Updated 5+ Days Ago
Location
116 University Ave W, Waterloo, ON N2L 3E2, CAN|Downtown Waterloo
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Property Overview
LEED on University earns a strong overall impression, with an 8.8 Zumper expert rating, top marks for price and amenities, and a 9 for location. It stands out for its competitive value, detailed and trustworthy listing, 11 photos, and features that support work-from-home living, including utilities included and high-speed internet.
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
Work-from-home
Floor plans
| LEED Suite 2 | 4 bed | 2 bath | $791 /mo | 1 unit available | |||
| LEED Suite 3 | 4 bed | 2 bath | $791 /mo | 1 unit available |
Let's explore this property.
Amenities for LEED on University
Apartment Amenities
| Furnished | Furnished Suite |
| Vinyl Plank Floors | Water |
Appliances
| Dishwasher | Dishwasher Available |
| Fridge | Microwave |
| Stove |
Tech
| Internet Included | Utilities: Broadband Internet |
Building
| No Smoking Allowed | Onsite Laundry |
Neighborhood
| Convenience Store | Public Transit |
| Schools 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
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
| Lease terms | 12 months |
|---|
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About LEED on University
Managed by Domus Inc.
2 Months Free
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, LEED on University is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, LEED on University 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.
LEED on University 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.
LEED on University 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.
LEED on University 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 LEED on University does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
LEED on University 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 LEED on University compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- No central heat
- Fewer climate control options
- No elevator
- Accessibility options are limited
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Rent trends in Downtown Waterloo
4-bedroom apartments at LEED on University cost about 39% less than the average rent price for 4-bedroom apartments in Downtown Waterloo.
Median rents as of Jul 25 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| 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 |
| May 2026 | $786 |
| June 2026 | $784 |
| July 2026 | $795 |
| Month | Median Rent |
|---|---|
| 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 |
| May 2026 | $750 |
| June 2026 | $750 |
| July 2026 | $750 |
Affordability calculator
Can I afford to live at 116 University Ave W?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$31,640/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,640 annually to afford this 4-bedrooms median monthly rent price of $791.
For more information on rent affordability, visit our rent calculator.
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Internet available near LEED on University
Getting around Waterloo near 116 University Ave W
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
8/10
Popular public transit options are just a short walk from this location.
Points of interest for 116 University Ave W, Waterloo
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
9/10
Very large amount of park space within a few minutes' walk
Nightlife
3/10
Some bars within walking distance
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