Real Estate for Rent in Colonial Acres, Waterloo, ON
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Neighbourhood in Waterloo
Colonial Acres
Colonial Acres is a residential neighbourhood in Waterloo. It offers a mix of housing options and community amenities.
At a glance
Listed 8 days ago
419 Tealby Crescent
Waterloo (Colonial Acres), ON N2J 4Y8
DetachedFor Rent
Day to dayLivability
7.1
Schools near listings
out of 10 · averaged over 118 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$492,500
In Colonial Acres
$492,500
In Waterloo
$579,900
In Ontario
$718,000
Median monthly rent
$2,873/mo
In Colonial Acres
$2,873
In Waterloo
$2,200
In Ontario
$2,500
≈ 14.3 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
25
Median $492,500
Condos 16 · Houses 9
For rent
3
Median $2,873
Houses 3
Recently sold
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Recently leased
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Market data as of 2026-10-12. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable compared to city median prices
- Family-friendly with many parks and playgrounds
- Strong community with diverse demographics
- Good access to schools and amenities
Keep in mind
- Limited public transit options
- Higher average rent compared to city median
The feel of the placeLifestyle
Daily life in Colonial Acres is relaxed and community-oriented, with access to parks and local shops. Residents enjoy a suburban feel with family-friendly activities.
Within the boundaryWhat's nearby
The boundary
5.1 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
14
Parks
11
Playgrounds
1
Transit stations
2
Grocery stores
11
Restaurants
6
Cafés
1
Gyms
2
Pharmacies
Counted across all 5.1 km² of Colonial Acres. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
1
Elementary
KidsAbility School
Public · Grades JK–3 · KidsAbility E A
Not rated
90 students
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Colonial Acres, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
11,474
Population (2021)
7.2 km²
Area
1,593
People per km²
43.2
Median age
$116,951
Median income
69%
Own their home
2.6
People per household
4,505
Households
Every age
- Children (under 15)15.1%
- Working age (15–64)66.6%
- Seniors (65+)18.3%
What is built here
- Detached houses55.3%
- Semi-detached6.5%
- Townhouses9%
- Duplexes1.1%
- Low-rise apartments10.4%
- High-rise apartments17.7%
Own or rent
69%Owners
30%Renters
Across 4,505 households
When it was built
Mostly 1981–1990
- 1960 or earlier3%
- 1961–198020%
- 1981–199033%
- 1991–200023%
- 2001–200511%
- 2006–20103%
- 2011–20151%
- 2016–20213%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 25.8%
- Born outside Canada
- 36.8%
- Hold a degree or higher
- 58%
- Employment rate
- 3.6%
- Commute by transit
- 89%
- Commute by car
- 1.8
- Children per family
- $98,918
- Median income after tax
- $149,020
- Average household income
- 7.6%
- Living on a low income
- $1,575/mo
- Renters pay, per month
- $1,386/mo
- Owners pay, per month
- $785,735
- Median home value at census
- 17.7%
- Renters spending 30%+ of income on housing
- 8.8%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 15 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap
What homes in Colonial Acres actually rent for
19 homes were leased in Colonial Acres over the 12 months to September 2026. Half leased above $2,338 and half below, 3.3% higher than the 12 months before. A typical home found its tenant in 33 days — 6 days quicker than a year ago.
- Median rent
- $2,338
- +3.3% year over year
- Days to lease
- 33
- 6 days quicker
- Leases closed
- 19
- last 12 months
- Rent per square foot
- $2.37/mo
- from 18 sized leases
Three years of rents
The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.
What renters actually paid
$2,984/mo
on a $3,000 asking rent — under ask by $16
- Of the asking rent
- 99.5%
- Leased over asking
- 10.5%
From 19 leases that closed here in the last 12 months.
Rent or buy in Colonial Acres
31.6 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$886,905
21 sales
Median rent
$2,338/mo
19 leases
Gross rental yield
3.16%
before costs
Both figures come from deals that actually closed in Colonial Acres over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
Every month behind these charts — Colonial Acres, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 3 | Not enough leases this month to report a median | |||
| Aug 2026 | 3 | Not enough leases this month to report a median | |||
| Jul 2026 | 5 | $2,199 | $1,900 – $2,300 | 31 | 100.0% |
| May 2026 | 1 | Not enough leases this month to report a median | |||
| Apr 2026 | 1 | Not enough leases this month to report a median | |||
| Mar 2026 | 1 | Not enough leases this month to report a median | |||
| Jan 2026 | 1 | Not enough leases this month to report a median | |||
| Dec 2025 | 1 | Not enough leases this month to report a median | |||
| Nov 2025 | 1 | Not enough leases this month to report a median | |||
| Oct 2025 | 2 | Not enough leases this month to report a median | |||
| Sep 2025 | 1 | Not enough leases this month to report a median | |||
| Aug 2025 | 2 | Not enough leases this month to report a median | |||
| Jul 2025 | 2 | Not enough leases this month to report a median | |||
| May 2025 | 1 | Not enough leases this month to report a median | |||
| Feb 2025 | 2 | Not enough leases this month to report a median | |||
| Dec 2024 | 1 | Not enough leases this month to report a median | |||
| Nov 2024 | 1 | Not enough leases this month to report a median | |||
| Aug 2024 | 1 | Not enough leases this month to report a median | |||
| Jul 2024 | 3 | Not enough leases this month to report a median | |||
| Apr 2024 | 1 | Not enough leases this month to report a median | |||
| Dec 2023 | 1 | Not enough leases this month to report a median | |||
| Oct 2023 | 1 | Not enough leases this month to report a median | |||
21 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.
What people ask about Colonial Acres
How much does a home cost in Colonial Acres?
Homes in Colonial Acres sold for a median of $886,905 over the 12 months to September 2026, across 21 closed sales — half sold for more and half for less. That is 68.6% higher than the 12 months before it.
How long does it take to sell a home in Colonial Acres?
A home in Colonial Acres took a median of 31 days on the market over the 12 months to September 2026. Homes there closed at 99.3% of the asking price on average, with 33.3% selling over asking.
How much is rent in Colonial Acres?
The median lease in Colonial Acres closed at $2,338 a month over the 12 months to September 2026, across 19 leases.
Is it cheaper to rent or buy in Colonial Acres?
A home in Colonial Acres costs about 31.6 years of the rent on one — the median price of $886,905 against a median rent of $2,338 a month, a gross yield of 3.16%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Colonial Acres on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.
A condo here is its own market
14 condo apartments and 2 condo townhouses are on the market in Colonial Acres right now. Too few have closed here in the last year for us to publish a median we would stand behind.