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Highlights
Rent Special
Pet Friendly
Location
45 Caroline St N, Waterloo, ON N2L 2Y6, CAN|Downtown Waterloo
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Property Overview
The property at 45 Caroline St N receives a strong Zumper expert rating of 8.8, reflecting its overall desirability for renters, underpinned by a perfect price rating of 10. With an impressive array of amenities and a prime location rated at 9, it offers great convenience along with pet-friendly outdoor spaces and high-speed internet, enhancing its appeal for remote work. The property demonstrates transparency in its descriptions, further establishing trust with potential tenants.
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
Less expensive
Great for
Pet owners
Work-from-home
Floor plans
| One Bedroom Apartment | 1 bed | 1 bath | $1,699 /mo | 1 unit available | |||
| Two Bedroom Apartment | 2 bed | 1 bath | $1,899 /mo |
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Amenities for 45 Caroline St N
Apartment Amenities
| Balcony | Hardwood Floor |
| Heat | Heating |
| Hot Water | In-suite Storage |
| Plus Hydro | View |
| Vinyl Plank Floors | Walk-in Closet |
| Water Included |
Appliances
| Dishwasher | Fridge |
| Microwave in Selected Suites | Stove |
Tech
| Internet Ready |
Building
| Cats OK | Controlled Access |
| Dogs OK | Elevator |
| No Smoking Allowed | Onsite Laundry |
| Security Cameras | Video Surveillance |
Grounds
| Assigned Parking | Garage Parking |
| Outdoor Space | Shared Yard |
| Storage |
Services
| 24/7 Emergency Service | On Site Superintendent |
| On-Site Management |
Neighborhood
| Close to Parks | 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
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 terms | 12 months |
|---|
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About 45 Caroline St N
Managed by Park Property Management
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.
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, 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.
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:
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
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Rent trends in Downtown Waterloo
1-bedroom apartments here are priced 17% lower than 1-bedrooms in Downtown Waterloo.
If you decide to upgrade your space, you can expect 2-bedrooms at 45 Caroline St N to be 7% less than the average for similarly sized apartments in Downtown Waterloo.
Median rents as of Mar 14 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $795 |
| January 2026 | $920 |
| February 2026 | $795 |
| March 2026 | $795 |
| Month | Median Rent |
|---|---|
| March 2024 | $895 |
| 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 |
Affordability calculator
Can I afford to live at 45 Caroline St N?
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
$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.
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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
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