Zumper
modified
5+ Days Ago

Location

261 Lester Street #5, Waterloo, Ontario N2L 3W6, Canada|Downtown Waterloo

Tour 261 Lester Street #5

Contact

Wolverine Property Management Limited

(289) 212-6414

Amenities for 261 Lester Street #5, Downtown Waterloo

Apartment Amenities

Air ConditioningCentral Air Conditioning
FurnishedHeat and AC Included
High CeilingsIn Unit Storage
Laminate FloorsLaminate Kitchen Counters
Living RoomModern Bath Fixture
No DogsNo Parking Available
Open Floor PlanRecently Rehabbed
Recently RenovatedSeparate Tub and Shower
Voice IntercomWater & Sewer Included

Appliances

DishwasherElectric Stove/Oven
In-Unit LaundryMicrowave
Refrigerator

Tech

Internet Access Included

Building

Controlled AccessElectric Furnace
ElevatorHigh Rise
No SmokingOnsite Laundry
Pay Laundry Onsite

Services

Lawn Care IncludedSnow Removal Included
Trash Removal Included

Other

No CatsOne Year Lease
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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 261 Lester Street #5

HomeApartments in WaterlooDowntown Waterloo 261 Lester Street #5, Waterloo, Ontario N2L 3W6, Canada
sweet deal icon
Sweet deal!
This listing is 47% below the median price for studio apartments in Downtown Waterloo.

Student Rental at 261 Lester Street, Waterloo, ON N2L 3W6. Welcome to your ideal student living experience at 261 Lester Street in Waterloo, ON! Perfectly located just minutes from the University of Waterloo and Wilfrid Laurier University, this student rental offers everything you need for a successful academic and social life. Enjoy spacious, fully furnished rooms with high-speed internet and modern amenities. With easy access to campus, public transportation, and local amenities, you'll have the convenience and comfort to focus on your studies and enjoy your student life to the fullest. Make 261 Lester Street your home away from home in Waterloo! 24 Hour Emergency Hotline Biking Distance To School Bright Centrally Located Decent Sized Rooms Dishwasher Included Fridge & Stove Oven Included In The Middle Of It All Located Right Near Downtown Lots Of Windows Near Bus Stop Near Connestoga College (Waterloo Campus) 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 Tenant Pays Hydro Tenants Must Have Valid Tenant Insurance Walking Distance To Amenities Walking Distance To School Winter Snow & Ice Maintenance Included Nestled in the heart of Waterloo's vibrant student district, at 261 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.


Address details

NeighborhoodDowntown Waterloo
Post codeN2L 3W6
TypeApartment for rent

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Rent trends in Downtown Waterloo

studio apartments at 261 Lester Street #5 cost about 47% less than the average rent price for studio apartments in Downtown Waterloo.

Median rents as of Dec 13 2025.
Downtown Waterloo
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
December 2023$900
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
November 2025$795
December 2025$795
A table of studio rental data trends in Downtown Waterloo
MonthMedian 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
November 2025$1,428
December 2025$1,411

Affordability calculator

Can I afford to live at 261 Lester Street #5?

Bedrooms

Studio

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

$30,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this studio monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.
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Internet available near 261 Lester Street #5

Getting around Waterloo near 261 Lester Street #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 261 Lester Street #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

6/10
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 261 Lester Street #5

India Food & Grocery
275 Larch St
Sobeys
94 Bridgeport Rd
Paul & Mallory's No Frills
24 Forwell Creek Rd
Wholesale Club
24 Forwell Creek Rd
Macro Foods
95 King St S

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