8 Hours Ago
Highlights
Pet Friendly
Location
505 Parkside Drive, Waterloo, Ontario N2L 4X6, Canada|Lakeshore
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Property Overview
505 Parkside Drive receives a strong Zumper expert rating of 8.5 out of 10, indicating it is an attractive option for renters. The property features a competitive price rating of 10, exceptional amenities rated at 9, and a location score of 9, ensuring residents enjoy both quality and convenience. Additionally, it emphasizes pet-friendliness with accessible outdoor spaces, and its trustworthiness rating of 7 reflects its transparency and reliable management.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Outdoor space
- Walk-in closet
Great for
Pet owners
Floor plans
| One Bedroom Apartment | 1 bed | 1 bath | $1,899 /mo |
Let's explore this property.
Amenities for 505 Parkside Drive
Apartment Amenities
| Balcony | Hardwood Floor |
| Heating | Vinyl Plank Floors |
| Walk-in Closet |
Appliances
| Dishwasher | Fridge |
| Microwave in Selected Suites | Stove |
Tech
| Internet Ready |
Building
| Cats OK | Dogs OK |
| No Smoking Allowed | Onsite Laundry |
Grounds
| Outdoor Space | Shared Yard |
Services
| 24/7 Emergency Service | On Site Superintendent |
| On-Site Management |
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
Surface Lot
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About 505 Parkside Drive
Managed by Park Property Management
1, 2, and 3 bedroom units in well maintained 3 storey walk up building with controlled entry. Located across the street from the community centre and library. Schools and shopping are within walking distance and the local bus stop is at your front door. Super on-site. Call or email us today to book your guided tour. Excellent Transit & Connectivity: 505 Parkside Drive benefits from excellent access to Grand River Transit (GRT) bus routes, connecting residents to uptown Waterloo, downtown Kitchener, and surrounding areas. The nearby ION light rail and major highways, including Highway 85 and Highway 401, provide efficient commuting options across the Waterloo Region and beyond. Shopping & Dining at Your Doorstep: Residents are close to major shopping centers such as Conestoga Mall, as well as grocery stores and local retail shops. Waterloo’s diverse dining scene offers a wide variety of options, from casual cafés to international restaurants and family-friendly eateries. Parks & Recreation: Nearby green spaces like Waterloo Park, Bechtel Park, and extensive walking and cycling trails provide abundant opportunities for outdoor activities. Community centers, fitness facilities, and cultural venues offer year-round recreational and entertainment options. Schools & Education: 505 Parkside Drive is conveniently located near excellent public and Catholic schools. It is also within easy reach of University of Waterloo, Wilfrid Laurier University, and Conestoga College, making it an excellent choice for students and academic professionals. A Welcoming & Dynamic Community: Waterloo is known for its innovative economy, cultural festivals, and active community life. Seasonal markets, arts events, and neighborhood programs contribute to a vibrant and inclusive atmosphere. Your Ideal Waterloo Address: 505 Parkside Drive combines convenience, comfort, and connectivity, making it a great choice for those seeking a balanced and engaging lifestyle in Waterloo.
505 Parkside Drive 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 505 Parkside Drive compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
- Outdoor space
- Easy access to the outdoors
- Walk-in closet
- More closet space on average
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Rent trends in Lakeshore
1-bedroom apartments at 505 Parkside Drive cost about 13% more than the average rent price for 1-bedroom apartments in Lakeshore.
Median rents as of Nov 29 2025.
Lakeshore
Waterloo
| Month | Median Rent |
|---|---|
| December 2023 | $1,196 |
| January 2024 | $900 |
| February 2024 | $875 |
| March 2024 | $895 |
| 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 |
| Month | Median Rent |
|---|---|
| June 2024 | $995 |
| July 2024 | $995 |
| August 2024 | $955 |
| September 2024 | $895 |
| October 2024 | $895 |
| November 2024 | $895 |
| December 2024 | $895 |
| January 2025 | $932 |
| February 2025 | $945 |
| March 2025 | $985 |
| April 2025 | $995 |
| May 2025 | $978 |
| June 2025 | $945 |
| July 2025 | $905 |
| August 2025 | $823 |
| September 2025 | $795 |
| October 2025 | $795 |
| November 2025 | $795 |
Affordability calculator
Can I afford to live at 505 Parkside Drive?
Bedrooms
1 bedroomRent-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
$75,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $75,960 annually to afford this 1-bedroom monthly rent price of $1,899.
For more information on rent affordability, visit our rent calculator.
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Internet available near 505 Parkside Drive
Neighborhood
Lakeshore | Waterloo, ON
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 505 Parkside Drive
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 505 Parkside Drive, Waterloo
Groceries
6/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Explore the area around 505 Parkside Drive
Sobeys
640 Parkside Dr
Paul & Mallory's No Frills
24 Forwell Creek Rd
Wholesale Club
24 Forwell Creek Rd
India Food & Grocery
275 Larch St
Zehrs
555 Davenport Rd
Gap
8 Space-550 King Street Northe8E
Wholesale Club
24 Forwell Creek Rd
Aerie Store
550 King St N
ALDO Footwear & Accessories
550 King St N
American Eagle Store
550 King St N
Tim Hortons
465 Phillip St
Tim Hortons
585 Weber St N
Starbucks
590 Weber St N
Tim Hortons
151 Columbia St W
Tim Hortons
415 King St N
Thirsty's Bar & Grill
465 Phillip St
Boston Pizza
597 King St N
Molly Bloom's Irish Pub
170 University Ave W
Williams Fresh Cafe
170 University Ave W
The Keg Steakhouse + Bar
42 Northfield Dr E
Fiddleheads Health & Nutrition
573 King St N
S & H Health Foods
550 King N
St Cinnamon Bakery Cafe
170 University Ave W
Popeye's Supplements
158 University Ave W
Healthy Owl Bakery
620 Davenport Rd
Heasley Park
Canewood Park
Lakeshore Optimist Park
Northfield Park
Pinebrook Park
Home Style Diner
504 Albert St
Pizza Pizza
496 Albert St
Jacqueline Catering
500 Glen Forrest Blvd
Twin City Pizza
500 Glen Forrest Blvd
BBT
465 Phillip St
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