Zumper

OFFER:

1 Month Free + $1,000 Grocery Gift Card Lease any apartment in City Place I or City Place II and receive your first month free and a $1000 grocery gift card when you move in

modified
5+ Days Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

405 Waterloo St, London, ON N6B 3R7, CAN|Downtown London
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Contact

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Management

Drewlo Holdings

Leasing office

(548) 900-9439

Property Overview

City Place II receives an impressive Zumper Expert Rating of 8.5, highlighting its appeal for renters with a strong emphasis on exceptional amenities (rated 10), and a competitive pricing structure (9). The property's prime location (9) ensures easy access to essential services, while its transparent management practices offer a trustworthiness rating of 8. Additionally, it is noted for its pet-friendliness, sustainability features, and suitability for remote work, enhancing its overall desirability.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, City Place II is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, City Place II has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Great for

  • Eco living
  • Pet owners
  • Work-from-home

Floor plans

Colborne1 bed1 bath903 sqft$1,795 /mo1 unit available
Talbot1 bed1 bath814 sqft$1,798 /mo1 unit available
Colborne1 bed1 bath903 sqft$1,810 /mo1 unit available
Davenport2 bed2 bath1,228 sqft$2,128 /mo1 unit available
Wembley2 bed2 bath1,095 sqft$2,148 /mo1 unit available
Grosvenor2 bed2 bath1,193 sqft$2,159 /mo1 unit available
Wembley2 bed2 bath1,095 sqft$2,195 /mo1 unit available
Dufferin2 bed2 bath1,188 sqft$2,198 /mo1 unit available

Let's explore this property.

Amenities for City Place II

Apartment Amenities

Air ConditioningBalcony
CarpetCentral Air Conditioning
Central HeatEat-in Kitchen
HeatHot Water
ViewWalk-in Closet

Appliances

DishwasherFridge
In-Unit LaundryIndividual Thermostats
StoveWasher In-Suite

Tech

Internet Ready

Building

Bicycle RoomCats OK
Controlled AccessDogs OK
ElevatorFitness Center
Indoor Saltwater Pool, Hot Tub & SaunaOnsite Laundry
Residents LoungeWheelchair Accessible

Grounds

Barrier Free Access to EntranceGarage Parking
Hot TubSwimming Pool

Services

24/7 Concierge ServiceConcierge Service
On-Site Management

Neighborhood

Public TransitShopping Nearby
Video Security System
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

Garage 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

Year built1997
Lease terms12 months
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About City Place II

Managed by Drewlo Holdings
HomeApartments in LondonDowntown London City Place II

All Apartments get the First Month Free on a 13 month lease PLUS a $1000 Grocery Gift CardConcierge Services / Security Guard Now Available 24/7! Luxury Updated 1 & 2 Bedroom Apartments in Downtown London Looking for Downtown London apartments with modern updates and unbeatable amenities? [Drewlo Holdings](https www drewloholdings com news drewlo-holdings-wins-best-of-london-2021)' City Place II offers updated one- and two-bedroom apartments in one of the most sought-after locations in the city. These iconic high-rise buildings provide stunning panoramic views of Downtown London and Victoria Park, putting you at the center of everything the city has to offer. Prime Downtown Location Live steps away from [Canada Life Place](https maps app goo gl LS319KKTdqa3iZso8), The Grand Theatre, top restaurants, [shopping](https maps app goo gl teH8qFSY8qUKR97R7), entertainment, and year-round festivals. [Covent Garden Market](https maps app goo gl teH8qFSY8qUKR97R7) is just a 10-minute walk away, while London's first-ever flex street, [Dundas Place](https london ca living-london our-core-area dundas-place), brings a vibrant energy to your doorstep. Enjoy the convenience of walking to local cafes, restaurants, and businesses, making every day more enjoyable and stress-free. Spacious, Modern Suites Whether you're a professional, downsizing from a home, or just looking for more space, our large one-bedroom apartments start at 796 sq. ft., while two-bedroom apartments start at 1,158 sq. ft. Each suite is designed with modern finishes and top-tier amenities, including: - Eat-in Kitchens for comfortable dining - In-Suite Laundry for ultimate convenience - Walk-In Closets & Oversized Balconies with breathtaking views - Updated Features to enhance your living experience Unmatched Amenities City Place II offers exclusive amenities you won’t find in smaller buildings, including: - Fitness Room – Save on a gym membership - Indoor Saltwater Pool, Hot Tub & Sauna – Relax and unwind - Underground Parking & Easy Transit Access – Multiple bus stops right outside Find Your Perfect Floor Plan With ten spacious layouts to choose from, there’s an option for everyone. Whether you’re looking for a cozy one-bedroom or a sprawling two-bedroom suite, City Place has it all. Book a Tour Today! Discover why City Place II is the premier choice for Downtown London apartments. Contact us now to schedule a viewing and find your dream home in the heart of the city! PLUS! For each month that you rent with Drewlo Holdings, you will receive $400 - for a maximum of $15,000 - towards the purchase of a brand new home or townhome from the award winning Ironstone Building Company. Learn more about the RENT. SAVE. OWN. program at [https www drewloholdings com save](https www drewloholdings com save) Close to bus routes: 1 Kipps Lane, 2 Dundas, 7 Wavell, 8 Riverside, 11 Southcrest, 13 Wellington, 20 Cherryhill, and 22 Trafalgar. - Elevators - On-site staff - Indoor pool - Social room - Fitness room - Bicycle room - Wheelchair Access - Fridge - Stove - Washer in suite - Balconies - Carpeted floors - Individual thermostats - City views - Walk-in closets - Dryer in suite - Cable ready - Central air conditioning - Hot tub - Public transit - Shopping nearby - Parks nearby - Schools nearby - Internet ready - Eat-in kitchen - Rogers Cable and Bell satellite available through building cable system - Indoor saltwa..


Year Built: 1997

Go to property website

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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, City Place II is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, City Place II has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated City Place II
Price·9A 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.
City Place II stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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.
City Place II 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.
City Place II 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 City Place II 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.

City Place II is great for:

Eco living

  • Public transit available nearby
  • You can get around by foot in this area
  • Thermostats

Pet owners

  • Outdoor spaces are available at this property

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Common areas for meetings or remote work
  • Quiet environment with little noise pollution

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Managed by Drewlo Holdings

Drewlo Holdings

Drewlo Holdings is a family-owned real estate development and property management company based in Ontario, Canada. We specialize in building, owning, and managing residential apartment buildings, with a strong presence in cities like London, Kitchener, Waterloo, Burlington, and Sarnia. Drewlo has been in operation for over 65 years and is known for constructing high-quality mid-rise and high-rise apartment buildings. Drewlo Holdings typically designs and builds its own properties, ensuring long-term quality and maintenance. Their apartments often feature luxury finishes, spacious layouts, and amenities such as fitness centres, indoor pools, and underground parking.

Rent trends in Downtown London

1-bedroom apartments here are priced 7% higher than 1-bedrooms in Downtown London.

If you decide to upgrade your space, you can expect 2-bedrooms at City Place II to be 6% less than the average for similarly sized apartments in Downtown London.

Median rents as of Mar 21 2026.
Downtown London
London
A table of studio rental data trends in London
MonthMedian Rent
April 2024$1,475
May 2024$1,475
June 2024$1,472
July 2024$1,467
August 2024$1,461
September 2024$1,433
October 2024$1,427
November 2024$1,418
December 2024$1,337
January 2025$1,337
February 2025$1,387
March 2025$1,443
April 2025$1,435
May 2025$1,396
June 2025$1,354
July 2025$1,375
August 2025$1,339
September 2025$1,288
October 2025$1,257
November 2025$1,292
December 2025$1,316
January 2026$1,322
February 2026$1,314
March 2026$1,289
A table of studio rental data trends in Downtown London
MonthMedian Rent
April 2024$1,532
May 2024$1,552
June 2024$1,476
July 2024$1,486
August 2024$1,487
October 2024$1,405
November 2024$1,370
December 2024$1,364
February 2025$1,405
March 2025$1,379
April 2025$1,376
May 2025$1,419
July 2025$1,392
August 2025$1,350
September 2025$1,308
October 2025$1,242
November 2025$1,213
December 2025$1,225
January 2026$1,214
February 2026$1,244
March 2026$1,250

Affordability calculator

Can I afford to live at 405 Waterloo St?

Bedrooms

Rent-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

$71,920/yr

With your selected rent-to-income ratio, you'd ideally want to make $71,920 annually to afford this 1-bedroom median monthly rent price of $1,798.
For more information on rent affordability, visit our rent calculator.
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Internet available near City Place II

Getting around London near 405 Waterloo St

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 405 Waterloo St, London

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

5/10
Several shops within walking distance

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 10-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

5/10
Some bars within a few minutes’ walk

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