Updated 22 Hours Ago
Highlights
Pet Friendly
Location
246 Albert St, Waterloo, ON N2L 0G5, CAN|Downtown Waterloo
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Property Overview
246 Albert Inc. stands out with a strong Zumper expert rating of 8.8/10, driven by excellent scores for price, amenities, and location. It offers competitive value, a high standard of living, and convenient access to nearby destinations, while also presenting a clear and trustworthy property description.
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.
Great for
Work-from-home
Pet owners
Eco living
Floor plans
| 1 Bedroom + Den | 1 bed | 1 bath | 550 sqft | $1,960 /mo | 1 unit available | ||
| 1 Bedroom + Dining | 1 bed | 1 bath | 545 sqft | $2,199 /mo | 1 unit available | ||
| 2 Bedroom + Den | 2 bed | 2 bath | 854 sqft | $3,206 /mo | 1 unit available |
Let's explore this property.
Amenities for 246 Albert Inc.
Apartment Amenities
| Air Conditioning | Balcony |
| Central Air Conditioning | Central Heat |
| Floor-To-Ceiling Windows | Furnished |
| Heat | Hot Water |
| Trash Included | Utilities/Sewer |
| View | Vinyl Plank Floors |
| Walk-in Closet | Walk-In Closets (Per Plan) |
Appliances
| Dishwasher | Dishwasher Available |
| Fridge | In-Unit Laundry |
| Individual Thermostats | Oven |
| Stove | Washer & Dryer Inlet |
Tech
| Alarm System | Complimentary WiFi |
| High-Speed Internet | Internet Included |
| Internet Ready | Utilities: Broadband Internet |
Building
| Bicycle Storage | Cats OK |
| Controlled Access | Dogs OK |
| Elevator | No Smoking Allowed |
| Onsite Laundry | Roof Deck |
| Video Surveillance |
Grounds
| Rooftop Terrace | Storage |
Services
| 24/7 Emergency Service | Cleaning & Janitor Services |
| Disposal Chutes |
Neighborhood
| Convenience Store | Public Transit |
| Universities Nearby |
Other
| Hot Water Heating |
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
Covered 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
| Year built | 2015 |
|---|---|
| Lease terms | 12 months |
About 246 Albert Inc.
Managed by 246 Albert Inc.
246 Albert Street is the radiant and contemporary residence designed as a sanctuary in the heart of Waterloo's University District. Built for vibrant individuals who crave a sense of connection within the city, you'll enjoy walkable access to cultured cuisine, boutique shopping, lush parks, local hotspots, and both of Waterloo's universities. With its striking interlocking panel system providing both privacy and architectural flair, 246 Albert Street is more than an address. It's a bright, modern canvas for your life to shine.
Year Built: 2015
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, 246 Albert Inc. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 246 Albert Inc. 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.
246 Albert Inc. 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.
246 Albert Inc. 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, 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.
246 Albert Inc. 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 246 Albert Inc. does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
246 Albert Inc. provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
246 Albert Inc. 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 246 Albert Inc. compares to other nearby properties.
Considerations
- Distance from grocery stores
- The nearest grocery store is 4.5 miles away
- Distance from transit
- More than 3.3 miles from public transportation
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Rent trends in Downtown Waterloo
1-bedroom apartments here are priced 15% higher than 1-bedrooms in Downtown Waterloo.
If you decide to upgrade your space, you can expect 2-bedrooms at 246 Albert Inc. to be 47% more than the average for similarly sized apartments in Downtown Waterloo.
Median rents as of Oct 17 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| 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 |
| August 2026 | $795 |
| September 2026 | $1,295 |
| October 2026 | $1,488 |
| Month | Median Rent |
|---|---|
| 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 |
| August 2026 | $754 |
| September 2026 | $750 |
Affordability calculator
Can I afford to live at 246 Albert 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
$83,180/yr
With your selected rent-to-income ratio, you'd ideally want to make $83,180 annually to afford this 1-bedroom median monthly rent price of $2,079.
For more information on rent affordability, visit our rent calculator.
Getting around Waterloo near 246 Albert St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 246 Albert St, Waterloo
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Explore the area around 246 Albert St
Paul & Mallory's No Frills
24 Forwell Creek Rd
Wholesale Club
24 Forwell Creek Rd
Walmart Supercentre
70 Bridgeport Rd E
BulkBarn
66 Bridgeport Rd E
Sobeys
94 Bridgeport Rd
Bart & Maria Tailoring
60 Regina St N
Unique Boutique
26 Young St E
Express Tailor
27 Bridgeport Rd E
Nadia's Jewellery
27 Bridgeport Rd E
Kindred Spirit
34 King St N
Now Tea
280 Lester St
Second Cup
150 University Ave W
Starbucks
247 King St N
Booster Juice
247 King St N
Tim Hortons
151 Columbia St W
Pin Up Arcade Bar
247 King St N
Molly Bloom's Irish Pub
170 University Ave W
Williams Fresh Cafe
170 University Ave W
Morty's Pub
272 King St N
Williams Coffee Pub
33 University Ave E
Popeye's Supplements
158 University Ave W
St Cinnamon Bakery Cafe
170 University Ave W
Brady's Meat & Deli
465 Phillip St
Just Love Pie
33 Erb St W
The Crumby Cookie Dough Company Inc
8 Regina St N
WLU Quad
Veterans' Green
Garden
Butterfly Garden
Victorian Garden
Bao Sandwich Bar
62 Balsam St
Bogda
62 Balsam
Naija Jollof
280 Lester St
Now Tea
280 Lester St
Student's Delight Restaurant
280 Lester St
University Ave. / Hemlock
Westmount, Hazel, Keats-University
University Ave. / Hemlock
Westmount, Keats-University, Hazel
University Ave. / Sunview
Westmount, Hazel, Keats-University
University Ave. / Sunview
Westmount, Keats-University, Hazel
University Ave. / Sunview
Westmount, Hazel, Keats-University
Kitchener
Toronto - Sarnia
Kitchener
Kitchener
Laurier-Waterloo Park
ION Light Rail
Laurier-Waterloo Park
ION Light Rail
University of Waterloo
ION Light Rail
University of Waterloo
ION Light Rail
Research and Technology
ION Light Rail
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