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1 Month Free Plus $1000 Move In Bonus!
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Highlights
Rent Special
Pet Friendly
Location
55 Caroline St N, Waterloo, ON N2L 6B9, CAN|Downtown Waterloo
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Property Overview
55 Caroline St N is a highly rated rental option with an overall expert rating of 8.8/10, highlighted by perfect 10/10 scores for both price and amenities and a 9/10 location score for convenience to everyday needs. Renters benefit from strong value, extensive amenities that support a comfortable living experience, and features that make it appealing for pet owners and people who work from home, including outdoor spaces, utilities included, high-speed internet, quiet surroundings, and shared work-friendly common areas.
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
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 | 1 unit available |
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Amenities for 55 Caroline St N
Apartment Amenities
| Hardwood Floor | Heating |
| In-suite Storage | Plus Hydro |
| View | Vinyl Plank Floors |
| Walk-in Closet | Water |
Appliances
| Dishwasher | Fridge |
| Microwave in Selected Suites | Stove |
Tech
| Internet Ready |
Building
| Cats OK | Controlled Access |
| Dogs OK | Elevator |
| Fitness Center | Onsite Laundry |
| Residents Lounge | Video Surveillance |
| Wheelchair Accessible |
Grounds
| Assigned Parking | Garage Parking |
| Outdoor Space | Shared Yard |
| Storage |
Services
| 24/7 Emergency Service | On Site Superintendent |
| On-Site Management |
Neighborhood
| 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 55 Caroline St N
Managed by Park Property Management
Ideal location. Adjacent to Waterloo Park and within walking distance to community centre and sports centre and library. Beautiful views of downtown. 24-hour on-site super. Call or email us today to book your guided tour. Excellent Transit & Connectivity: 55 Caroline Street North is well-connected by Grand River Transit (GRT) bus routes and is near the ION light rail system, providing quick and easy access to downtown Waterloo, Kitchener, and surrounding areas. Proximity to Highway 85 and Highway 401 ensures efficient travel throughout the region. Shopping & Dining at Your Doorstep: Residents enjoy close access to grocery stores, retail shops, and essential services. Uptown Waterloo and nearby shopping centers offer a variety of dining options, from casual cafés to international restaurants, satisfying diverse tastes. Parks & Recreation: The property is near Waterloo Park and several other green spaces, offering trails, playgrounds, and sports facilities. Local community centers, fitness clubs, and cultural venues provide opportunities for year-round recreation and entertainment. Schools & Education: Families benefit from nearby public and Catholic schools as well as childcare facilities. The close proximity to University of Waterloo, Wilfrid Laurier University, and Conestoga College makes it an attractive option for students and academic staff. A Welcoming & Active Community: Waterloo boasts a dynamic cultural scene, a thriving tech sector, and a strong sense of community. Seasonal markets, festivals, and neighborhood events bring residents together in a vibrant and inclusive environment. Your Ideal Waterloo Address: 55 Caroline Street North offers a great balance of comfort, convenience, and connectivity. Whether you’re a student, professional, or family, this location provides an excellent place to live, work, and play.
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, 55 Caroline St N is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 55 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.
55 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.
55 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.
55 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 55 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.
55 Caroline St N is great for:
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Rent trends in Downtown Waterloo
1-bedroom apartments here are priced 19% lower than 1-bedrooms in Downtown Waterloo.
If you decide to upgrade your space, you can expect 2-bedrooms at 55 Caroline St N to be 6% less than the average for similarly sized apartments in Downtown Waterloo.
Median rents as of Apr 18 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| 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 |
| April 2026 | $795 |
| Month | Median Rent |
|---|---|
| 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 55 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 55 Caroline St N
Getting around Waterloo near 55 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 55 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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