Zumper

OFFER:

1 Month Free Plus $1000 Move In Bonus!

modified
Updated 9 Hours Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

45 Caroline St N, Waterloo, ON N2L 2Y6, CAN|Downtown Waterloo
Hi! Let’s figure out if this property is right for you.

Powered by Zumper AI

Contact

pmc-logo

Management

Park Property Management

Leasing office

(226) 887-7509

Property Overview

45 Caroline St N is rated highly for overall value, amenities, and location, with strong trustworthiness and excellent value for money. It’s noted for features that support working from home, included utilities, and outdoor spaces that make it pet friendly.

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.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, 45 Caroline St N is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 45 Caroline St N has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive

Great for

  • Pet owners
  • Work-from-home

Floor plans

One Bedroom Apartment1 bed1 bath743 sqft$1,699 /mo

Let's explore this property.

Amenities for 45 Caroline St N

Apartment Amenities

BalconyHardwood Floor
HeatHeating
Hot WaterIn-suite Storage
Plus HydroView
Vinyl Plank FloorsWalk-in Closet
Water Included

Appliances

DishwasherFridge
Microwave in Selected SuitesStove

Tech

Internet Ready

Building

Cats OKControlled Access
Dogs OKElevator
No Smoking AllowedOnsite Laundry
Security CamerasVideo Surveillance

Grounds

Assigned ParkingGarage Parking
Outdoor SpaceShared Yard
Storage

Services

24/7 Emergency ServiceOn Site Superintendent
On-Site Management

Neighborhood

Close to ParksConvenience Store
Public TransitShopping 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

Garage Lot

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 terms12 months
Advertisement

About 45 Caroline St N

Managed by Park Property Management
HomeApartments in WaterlooDowntown Waterloo 45 Caroline St N

Within walking distance to community centre and sports centre and library. Large suites with balconies. Beautiful view of Waterloo. 24 hour on-site super. Call or email us today to book your guided tour. Excellent Transit & Connectivity: 45 Caroline Street North is well-served by Grand River Transit (GRT) bus routes and is close to the ION light rail system, providing quick connections to downtown Waterloo, Kitchener, and surrounding areas. Nearby Highway 85 and Highway 401 allow for efficient commuting throughout the region. Shopping & Dining at Your Doorstep: Residents enjoy access to nearby shopping centers, grocery stores, and local boutiques. Waterloo’s vibrant downtown offers a diverse dining scene featuring casual cafés, international cuisine, and family-friendly restaurants. Parks & Recreation: The property is close to several parks, including Waterloo Park, which offers walking trails, playgrounds, and sports facilities. Community centers, fitness clubs, and cultural venues provide a variety of recreational and entertainment options year-round. Schools & Education: Families have access to excellent public and Catholic schools, as well as childcare facilities. Proximity to University of Waterloo, Wilfrid Laurier University, and Conestoga College makes this location attractive for students and academic staff. A Friendly & Dynamic Community: Waterloo is known for its innovation-driven economy, cultural festivals, and active community engagement. Farmers’ markets, arts events, and neighborhood activities create a welcoming and vibrant atmosphere for all residents. Your Ideal Waterloo Address: 45 Caroline Street North offers a balanced lifestyle with convenient access to education, transit, shopping, and parks. Whether you’re a student, professional, or family, this property provides a wonderful place to call home.


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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, 45 Caroline St N is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 45 Caroline St N has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 45 Caroline St N
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.
45 Caroline St N 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.
45 Caroline St N 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.
45 Caroline St N 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 45 Caroline St N 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.

45 Caroline St N is great for:

Pet owners

  • Outdoor spaces are available at this property

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent

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 45 Caroline St N compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

Get the latest listings anytime, anywhere

Receive similar listings in the area, download our app, and more.
Email*
By clicking submit, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values.

Rent trends in Downtown Waterloo

1-bedroom apartments at 45 Caroline St N cost about 14% less than the average rent price for 1-bedroom apartments in Downtown Waterloo.

Median rents as of Jul 25 2026.
Downtown Waterloo
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian 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
A table of studio rental data trends in Downtown Waterloo
MonthMedian 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 45 Caroline St N?

Bedrooms

1 bedroom

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

$67,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $67,960 annually to afford this 1-bedroom monthly rent price of $1,699.
For more information on rent affordability, visit our rent calculator.
Advertisement

Internet available near 45 Caroline St N

Getting around Waterloo near 45 Caroline St N

Walking

8/10
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

6/10
Popular public transit options are just a short walk from this location.

Points of interest for 45 Caroline St N, Waterloo

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

9/10
Large amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

Compare similar properties nearby

featured image of 400 Parkside Dr

Parkside Tower

Our team has verified this company

Lakeshore • 400 Parkside Dr

2 Beds

$1,645

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 169 Borden Ave N

The Winston

Our team has verified this company

Auditorium • 169 Borden Ave N

1–2 Beds

$1,730–$2,890

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 99 Milford Ave

Lakeshore • 99 Milford Ave

2 Beds

$1,997

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 300 Regina St N

Downtown Waterloo • 300 Regina St N

1–3 Beds

$1,730–$2,320

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 520 Parkside Dr

Lakeshore • 520 Parkside Dr

1–3 Beds

$1,749–$2,299

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 528 Lancaster St W

Bridgeport • 528 Lancaster St W

1–2 Beds

$1,750–$2,375

dogs and cats ok
Yes
on-site laundry
No
balcony
No
featured image of 595 Strasburg Rd

Alpine • 595 Strasburg Rd

2 Beds

$1,880–$1,970

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 25 Westmount Rd N

Downtown Waterloo • 25 Westmount Rd N

1–2 Beds

$1,650–$2,095

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 400 Parkside Dr

Parkside Tower

Our team has verified this company

Lakeshore • 400 Parkside Dr

2 Beds

$1,645

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 169 Borden Ave N

The Winston

Our team has verified this company

Auditorium • 169 Borden Ave N

1–2 Beds

$1,730–$2,890

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 99 Milford Ave

Lakeshore • 99 Milford Ave

2 Beds

$1,997

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 300 Regina St N

Downtown Waterloo • 300 Regina St N

1–3 Beds

$1,730–$2,320

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 520 Parkside Dr

Lakeshore • 520 Parkside Dr

1–3 Beds

$1,749–$2,299

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 528 Lancaster St W

Bridgeport • 528 Lancaster St W

1–2 Beds

$1,750–$2,375

dogs and cats ok
Yes
on-site laundry
No
balcony
No
featured image of 595 Strasburg Rd

Alpine • 595 Strasburg Rd

2 Beds

$1,880–$1,970

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes
featured image of 25 Westmount Rd N

Downtown Waterloo • 25 Westmount Rd N

1–2 Beds

$1,650–$2,095

dogs and cats ok
Yes
on-site laundry
Yes
balcony
Yes

Check availability

Full name*
Move-in date
Floor plan
By sending this inquiry, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values. By providing my phone number, I consent (not a condition of purchase) to be called and texted by 45 Caroline St N.