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modified
5+ Days Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

12 Merchant Ave, Waterloo, ON N2L 0E6, CAN|Downtown Waterloo
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Contact

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Management

The Barrel Yards

Leasing office

(226) 887-2454

Property Overview

The Bevel receives an impressive Zumper expert rating of 8.8 out of 10, highlighting its strong value for renters. Priced competitively with a perfect score for both pricing and amenities, it ensures a premium living experience complemented by a convenient location rated at 9 out of 10. Additionally, the property emphasizes transparency, earning an 8 out of 10 for trustworthiness, while being particularly appealing for pet owners and remote workers due to its outdoor spaces and included utilities.

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, The Bevel is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Bevel 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

1 Bedroom - The Classic1 bed1 bath708 sqft$2,099 /mo1 unit available
1 Bedroom - The Hummingbird1 bed1 bath711 sqft$2,135 /mo1 unit available
1 Bedroom - The Greyhound1 bed1 bath743 sqft$2,149 /mo1 unit available
1 Bedroom + Den - The Spritz1 bed1 bath696 sqft$2,199 /mo1 unit available
1 Bedroom + Den - The Negroni1 bed1 bath735 sqft$2,199 /mo1 unit available
1 Bedroom + Den - The Cosmo1 bed1 bath756 sqft$2,199 /mo1 unit available
1 Bedroom + Den - The Vesper1 bed1 bath733 sqft$2,210 /mo1 unit available
2 Bedroom - The Belvedere2 bed2 bath901 sqft$2,925 /mo1 unit available
2 Bedroom + Den - The Brooklyn2 bed2 bath958 sqft$3,049 /mo1 unit available

Let's explore this property.

Amenities for The Bevel

Apartment Amenities

Air ConditioningBalcony
Central Air ConditioningCentral Heat
HeatHeat Included
Luxury Vinyl Plank FlooringModern Colour Scheme
Private Dining RoomQuartz Countertops
Window Coverings

Appliances

DishwasherFridge
In-Unit LaundryIndividual Thermostats
Stainless Steel AppliancesStove

Tech

Internet Ready

Building

Cats OKDogs OK
ElevatorNo Smoking Allowed
Onsite LaundryRooftop BBQ Area
Yoga Studio

Grounds

Assigned ParkingGarage Parking
Outdoor SpaceRooftop Terrace
Storage

Services

Complimentary Wi-Fi in Social AreaOn-Site Management
Security Onsite
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

Deposit

One-time.

$2,099–$3,049

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Parking Policy

Garage Lot

Other

Surface Lot

Garage Lot

Parking Fee

Monthly. 2 garage lots max. Unassigned parking.

Contact Property

Other

Parking Fee

Monthly. 2 others max. Unassigned parking.

Contact Property

Surface Lot

Parking Fee

Monthly. 2 surface lots max. Unassigned parking.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Year built2023
Lease terms12 months
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About The Bevel

Managed by The Barrel Yards
HomeApartments in WaterlooDowntown Waterloo The Bevel

Beautifully crafted suites offering modern finishes amidst an array of layouts from one bedrooms to two bedrooms. Featuring an impressive amenity packaged in an ideal location in Uptown Waterloo.


Year Built: 2023

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, The Bevel is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Bevel 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 The Bevel
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.
The Bevel 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.
The Bevel 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.
The Bevel 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 The Bevel 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.

The Bevel 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 The Bevel compares to other nearby properties.

Positives

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 11% higher than 1-bedrooms in Downtown Waterloo.

If you decide to upgrade your space, you can expect 2-bedrooms at The Bevel to be 46% more than the average for similarly sized apartments in Downtown Waterloo.

Median rents as of Feb 21 2026.
Downtown Waterloo
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian 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
A table of studio rental data trends in Downtown Waterloo
MonthMedian 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 12 Merchant Ave?

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

$85,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $85,960 annually to afford this 1-bedroom median monthly rent price of $2,149.
For more information on rent affordability, visit our rent calculator.
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Internet available near The Bevel

Getting around Waterloo near 12 Merchant Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 12 Merchant Ave, Waterloo

Groceries

7/10
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

6/10
Variety of restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

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