5+ Days Ago
Location
251 Lester St #5, Waterloo, ON N2L 3W6, CAN|Downtown Waterloo
Tour 251 Lester St #5
Contact
Wolverine Property Management Limited
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Amenities for 251 Lester St #5, Downtown Waterloo
Apartment Amenities
| Air Conditioning | Air Conditioning Included |
| Central Heat | Dining Room |
| Furnished | High Ceilings |
| In Unit Storage | Kitchen Recently Updated |
| Laminate Floors | Laminate Kitchen Counters |
| Living Room | Modern Bath Fixture |
| No Dogs | No Parking Available |
| Open Floor Plan | Recently Rehabbed |
| Recently Renovated | Separate Tub and Shower |
| Voice Intercom | Walk-in Closet |
| Water & Sewer Included |
Appliances
| Dishwasher | Electric Stove/Oven |
| In-Unit Laundry | Microwave |
| Refrigerator |
Tech
| Wireless Internet Included |
Building
| Controlled Access | Elevator |
| High Rise | No Smoking Building |
| Onsite Laundry | Pay Laundry Onsite |
Grounds
| Walking & Biking Trail |
Services
| Lawn Care Included | Snow Removal Included |
Neighborhood
| Park Nearby |
Other
| Flexible Duration Lease | No Cats |
| Tenant Pays All Electric |
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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 251 Lester St #5
Sweet deal!
This listing is 32% below the median price for studio apartments in Downtown Waterloo.
Nestled in the heart of Waterloo's vibrant student district, Unit 201 at 251 Lester Street is more than just a place to live--it's where your university story begins. Wake up to natural light streaming through large windows, sip your morning coffee in a sleek, modern kitchen, and walk to class in minutes. Designed with students in mind, this fully furnished unit blends comfort and convenience with a touch of style. Whether you're hitting the books or unwinding with friends, this space gives you room to thrive, laugh, and make memories that will last long after graduation. Welcome to your new chapter--welcome home.A short walk to the University of Waterloo and Wilfrid Laurier University, and a little longer walk to Conestoga College. With big rooms. Private lockable bedroom with shared large living room, large kitchen, and 2 full shared washrooms, each with a shower. Student housing is for students only. All students must have a Guarantor and tenant insurance. 24 Hour Emergency Hotline Air Conditioner All Tenants Must Have Valid Tenant Insurance Biking Distance To School Central Centrally Located Decent Sized Rooms Dishwasher Included Efficient Appliances Electronic Thermostat Fridge & Stove Oven Included In The Middle Of It All Lots Of Windows Microwave Included Near Bus Stops Near Connestoga College (Waterloo Campus) Near Downtown Near University Of Waterloo Near Wilfrid Laurier University (Waterloo Campus) Online Maintenance Portal Online Rent Payment Portal Onsite Coin Laundry Private Student Rooms With Lockable Doors Recycling Secure Resident Portal Shared Common Areas Student Housing Is Rented To Students Only Summer Outside Maintenance Included Tenant Pays Hydro Walking Distance To Amenities Walking Distance To School Walking Distance To Shopping Wi Fi Included Winter Snow & Ice Maintenance Included Welcome to Student Housing at 251 Lester Street, in Waterloo, Ontario—exclusively designed for students! Experience the perfect blend of comfort, convenience, and community in a prime location. Nestled in the heart of Waterloo's vibrant student district, 251 Lester Street is more than just a place to live—it's where your university story begins. Wake up to natural light streaming through large windows, sip your morning coffee in a sleek, modern kitchen, and walk to class in minutes. Designed with students in mind, this fully furnished unit blends comfort and convenience with a touch of style. Whether you're hitting the books or unwinding with friends, this space gives you room to thrive, laugh, and make memories that will last long after graduation. Welcome to your new chapter—welcome home. A short walk to the University of Waterloo and Wilfrid Laurier University, and a little longer walk to Conestoga College. With big rooms. Private lockable bedroom with shared large living room, large kitchen, and 2 full shared washrooms, each with a shower. Student housing is for students only. All students must have a Guarantor and tenant insurance. Elevate your student life at 251 Lester Street, where everything you need is right at your doorstep!
Address details
| Neighborhood | Downtown Waterloo |
|---|---|
| Post code | N2L 3W6 |
| Type | Apartment for rent |
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Rent trends in Downtown Waterloo
studio apartments at 251 Lester St #5 cost about 32% less than the average rent price for studio apartments in Downtown Waterloo.
Median rents as of Oct 25 2025.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| December 2023 | $1,367 |
| January 2024 | $900 |
| February 2024 | $875 |
| 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 |
| Month | Median Rent |
|---|---|
| February 2024 | $875 |
| 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 |
Affordability calculator
Can I afford to live at 251 Lester St #5?
Bedrooms
StudioRent-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
$31,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this studio monthly rent price of $795.
For more information on rent affordability, visit our rent calculator.
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Internet available near 251 Lester St #5
Getting around Waterloo near 251 Lester St #5
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
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 251 Lester St #5, Waterloo
Groceries
8/10
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
7/10
Variety of restaurants within a few minutes' walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Very large amount of park space within a few minutes' walk
Nightlife
3/10
Some bars within walking distance
Explore the area around 251 Lester St #5
India Food & Grocery
275 Larch St
Sobeys
94 Bridgeport Rd
Macro Foods
95 King St S
BulkBarn
66 Bridgeport Rd E
Walmart Supercentre
70 Bridgeport Rd E
Unique Boutique
26 Young St E
Kindred Spirit
34 King St N
Loop Clothing
13 King St N
Stag Shop
7 King St N
Unit 5
2 King St S
Second Cup
150 University Ave W
Williams Fresh Cafe
170 University Ave W
Second Cup
75 University Ave W
Tim Hortons
151 Columbia St W
Booster Juice
200 University Ave W
Molly Bloom's Irish Pub
170 University Ave W
Williams Fresh Cafe
170 University Ave W
Pin Up Arcade Bar
247 King St N
Morty's Pub
272 King St N
Ethel's Lounge
114 King St N
Popeye's Supplements
158 University Ave W
St Cinnamon Bakery Cafe
170 University Ave W
Just Love Pie
33 Erb St W
The Crumby Cookie Dough Company Inc
8 Regina St N
Ce Food Experience
100 Regina St S
Waterloo Park
Waterloo Park
Brighton Park
Alexandra Park
Poets' Green
Foodie Fruitie
203 Lester St
Song Shi Fu Lan Zhou La Mian Inc
203 Lester St
Asa Kusa
150 University Ave W
Burger King
150 University Ave W
Grace & Healthy Dumpling
150 University Ave W
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