This student housing townhouse features spacious units, each designed with a 5-bedroom and 2 full bathrooms. It is well-equipped to support a comfortable student lifestyle, offering fully furnished living spaces, air conditioning, an elevator, and essential kitchen appliances, including a refrigerator and dishwasher. For added convenience, the building features an on-site manager, an on-site engineer, and laundry facilities. High-speed internet access and heat are included with the property, while resident parking is accessible.
The property is situated in a prime student hub at 271 Lester Street in Waterloo, Ontario. It sits just steps away from the University of Waterloo, Wilfrid Laurier University, and Conestoga College's new campus, making it an ideal spot for minimizing daily commute times. The surrounding neighborhood is highly walkable and well-connected, placing students within easy reach of public transit, local restaurants, shopping centers, and banks.
A refundable security deposit is required, which includes the last month's rent and a $250 key deposit. Students applying without a Canadian guarantor are required to pay an additional security/furniture deposit. The deposit will be refunded after move-out, subject to the condition of the unit and the terms of the lease agreement.
Students can opt for either of the following payment plans: Full Payment — entire lease amount paid upfront. Monthly Payment — rent due on the 1st of each month for the duration of the lease term. A minimum one-year lease is required.
Payments can be made via debit card, cash, bank transfer, money order, cashier's cheque, or e-transfer.
A Canadian (local) guarantor is required for students opting for monthly payments. Third-party guarantors are also accepted, provided they meet the required income criteria. The guarantor must demonstrate a minimum monthly income of at least 2x the monthly rent (equivalent to an annual income of 24x the monthly rent). Required guarantor documents: bank statement and proof of income (pay slips). International guarantors are not accepted. Students applying without a guarantor must pay the full rent upfront along with an additional security deposit.
271 Lester St, Waterloo, ON
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