This property is a spacious townhouse student unit located at 251 Lester St, Waterloo, ON N2L 3W6. Designed with student living in mind, it features a 5-bedroom, 2-bathroom layout that offers flexible leasing options whether you are looking to rent an individual room or secure a spot with a group of friends. Its prime location places it just steps away from the University of Waterloo, Wilfrid Laurier University, and Conestoga College's new campus, making it an ideal choice for minimizing commute times. Surrounded by local restaurants, shopping options, banks, and public transit, the property blends vibrant campus proximity with everyday neighborhood convenience.
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.
251 Lester St, Waterloo, ON
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