This student-focused townhouse property at 253 Lester Street in Waterloo offers an ideal living arrangement for those attending nearby post-secondary institutions, as it is just steps away from the University of Waterloo, Wilfrid Laurier University, and the new Conestoga College campus. The property offers a highly convenient neighborhood experience with quick access to local restaurants, shopping centers, banks, and public transit, allowing residents to significantly reduce their daily commute times. Potential tenants have flexible leasing arrangements, with options to rent individually or move in as a group of friends, and the management accommodates various move-in timelines, including immediate openings, summer spots, or standard layouts opening up for the upcoming academic year. Showings can easily be scheduled on the same day, making it straightforward for prospective renters to tour the space and secure a spot in a highly sought-after student hub.
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.
253 Lester St, Waterloo, ON
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