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Limited Time Offer: Get 1 Month Free on a 13 Month Lease! Applicable on select suites. Terms and conditions apply. Schedule a tour to learn more.

modified
5+ Days Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

157 University Ave E, Waterloo, ON N2J 2W4, CAN|Lincoln Heights
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Contact

Management

Signet Group Inc.

Leasing office

(844) 432-0484 ext. 3850

Property Overview

159 & 161 University Avenue East receives a strong Zumper Expert Rating of 9.4 out of 10, indicating it is an excellent choice for renters, particularly due to its impressive amenities and competitive pricing. With top scores for amenities and location, this property offers residents significant advantages, including excellent transparency from management and the added benefit of pet-friendly outdoor spaces. The comprehensive set of photos further enhances visibility for prospective 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.

Zumper Expert Rating

9.4
Excellent
159 & 161 University Avenue East is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • Images Available

Great for

  • Pet owners

Floor plans

2 Bedroom2 bed1 bath833 sqft$1,988 /mo

Let's explore this property.

Amenities for 159 & 161 University Avenue East

Apartment Amenities

BalconyFully Renovated
HeatHot Water
Vinyl Plank Floors

Appliances

DishwasherDishwasher Available
FridgeMicrowave
Stainless Steel AppliancesStove

Building

Cats OKControlled Access
Dogs OKIntercom System
Onsite LaundryRadiant Heat
Video Surveillance

Grounds

Storage

Services

On-Site Management

Neighborhood

Convenience StorePublic Transit
Restaurants 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

Application Fee

One-time. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Parking Policy

Surface Lot

Surface Lot

Parking Fee

Monthly. 2 surface lots max. Unassigned parking.

$95

Questions about this property’s policies and fees?

Building details

Property details

Year built1960
Lease terms12 months
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About 159 & 161 University Avenue East

HomeApartments in WaterlooLincoln Heights 159 & 161 University Avenue East

Welcome to 159 & 161 University Avenue East, a well-maintained residential property offering practical and comfortable suites in Waterloo. The building features thoughtfully designed layouts that provide functional living spaces suited to professionals, couples, and small families. Each suite includes efficient kitchens and bathrooms with durable finishes designed for everyday use. Interiors are bright and welcoming, with layouts that maximize usable space while maintaining a clean and practical design. The property is professionally managed to ensure consistent upkeep and responsive service, contributing to a secure and well-maintained living environment. A controlled entry system supports resident safety and peace of mind. The overall focus of the property is to provide dependable housing with straightforward features that prioritize comfort, functionality, and reliable maintenance. 159 & 161 University Avenue East are located in an established Waterloo neighbourhood offering convenient access to nearby amenities and essential services. Residents benefit from proximity to shopping, restaurants, cafés, and everyday conveniences that support daily living. The area provides a connected and accessible setting within a well-situated community. Its location offers a balanced residential environment while remaining close to surrounding services and local destinations. The neighbourhood complements the property's practical and reliable design, providing residents with accessibility and comfort within a stable and established community atmosphere. Contact us today to schedule your private tour!


Year Built: 1960

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.
9.4
/10
Excellent
159 & 161 University Avenue East is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 159 & 161 University Avenue East
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.
159 & 161 University Avenue East 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.
159 & 161 University Avenue East 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.
159 & 161 University Avenue East 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·9A 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.
159 & 161 University Avenue East has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.

159 & 161 University Avenue East is great for:

Pet owners

  • Outdoor spaces are available at this property

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 159 & 161 University Avenue East compares to other nearby properties.

Positives

Images Available
There are at least 10 photos of this address

Considerations

Priced higher than average
1-bedrooms are $0.0 more than the median rent in this area

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Rent trends in Lincoln Heights

2-bedroom apartments at 159 & 161 University Avenue East cost about 2% less than the average rent price for 2-bedroom apartments in Lincoln Heights.

Median rents as of Mar 14 2026.
Lincoln Heights
Waterloo
A table of 2-bedroom apartment rental data trends in Waterloo
MonthMedian Rent
March 2024$2,350
April 2024$2,350
May 2024$2,343
June 2024$2,308
July 2024$2,316
August 2024$2,322
September 2024$2,351
October 2024$2,392
November 2024$2,307
December 2024$2,259
January 2025$2,212
February 2025$2,298
March 2025$2,276
April 2025$2,237
May 2025$2,261
June 2025$2,285
July 2025$2,278
August 2025$2,172
September 2025$2,062
October 2025$2,037
November 2025$2,024
December 2025$2,033
January 2026$2,014
February 2026$2,019
March 2026$2,015
A table of 2-bedroom apartment rental data trends in Lincoln Heights
MonthMedian Rent
September 2024$2,149
October 2024$2,149
November 2024$2,202
April 2025$1,999
September 2025$2,040
October 2025$2,025

Affordability calculator

Can I afford to live at 157 University Ave E?

Bedrooms

2 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

$79,520/yr

With your selected rent-to-income ratio, you'd ideally want to make $79,520 annually to afford this 2-bedrooms monthly rent price of $1,988.
For more information on rent affordability, visit our rent calculator.
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Internet available near 159 & 161 University Avenue East

Getting around Waterloo near 157 University Ave E

Walking

6/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

4/10
Frequent public transit options are within walking distance.

Points of interest for 157 University Ave E, Waterloo

Groceries

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

Shopping

6/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

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

High schools

6/10
At least one high school within a 20-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

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