Real Estate for Sale in Downtown Waterloo, Waterloo, ON
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Neighbourhood in Waterloo
Downtown Waterloo
Downtown Waterloo is a vibrant neighbourhood with a mix of residential and commercial spaces. It offers a lively atmosphere with many amenities and services.
At a glance
Listed 1 day ago
Unit 906, 158 King Street
Waterloo (Downtown Waterloo), ON N2J 0E5
Condo ApartmentFor Sale
Listed 1 day ago
158 King Street
Waterloo (Downtown Waterloo), ON N2J 0E5
Condo ApartmentFor Sale
Listed 2 days ago
Unit 803, 128 King Street N
Waterloo (Downtown Waterloo), ON N2J 2X9
Condo ApartmentFor Sale
Listed 4 days ago
Unit 102, 121 University Avenue E
Waterloo (Downtown Waterloo), ON N2J 4J1
Condo TownhouseFor Sale
Day to dayLivability
6.2
Schools near listings
out of 10 · averaged over 346 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
$443,950
In Downtown Waterloo
$443,950
In Waterloo
$579,900
In Ontario
$717,000
Median monthly rent
$1,925/mo
In Downtown Waterloo
$1,925
In Waterloo
$2,200
In Ontario
$2,500
≈ 19.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
53
Median $443,950
Condos 52 · Houses 1
For rent
21
Median $1,925
Condos 21
Recently sold
Sign in to see sold data
Recently leased
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Market data as of 2026-10-10. 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 housing compared to city median
- Strong community feel with many amenities
- Good schools and educational facilities
- Walkable area with local shops and cafes
Keep in mind
- Higher renter percentage may lead to competition
- Some areas may feel crowded
The feel of the placeLifestyle
Daily life in Downtown Waterloo is active and social, with plenty of opportunities for dining and recreation. Residents enjoy a mix of urban living and community engagement.
Within the boundaryWhat's nearby
The boundary
12.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
41
Parks
34
Playgrounds
4
Transit stations
13
Grocery stores
115
Restaurants
60
Cafés
15
Gyms
4
Libraries
11
Pharmacies
Counted across all 12.4 km² of Downtown Waterloo. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.4/10
Average rating of the 9 rated schools in this area
14
Elementary
7
Secondary
St Agnes Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
8.1/107.3 over 5 yrs299th of 3,045 Ontario elementary schools
595 students · EQAO 2024-2025
St David Catholic Secondary School
Catholic · Grades 9–12 · Waterloo CDSB
8.0/107.5 over 5 yrs86th of 742 Ontario secondary schools
1,080 students · EQAO 2024-2025
ÉÉC Mère-Élisabeth-Bruyère
Independent · French · Grades JK–6 · CSC MonAvenir
6.6/107.0 over 5 yrs1,165th of 3,045 Ontario elementary schools
220 students · EQAO 2024-2025
Our Lady of Lourdes Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
6.5/107.1 over 5 yrs1,231st of 3,045 Ontario elementary schools
385 students · EQAO 2024-2025
Waterloo Collegiate Institute
Public · Grades 9–12 · Waterloo Region DSB
6.2/106.6 over 5 yrs349th of 742 Ontario secondary schools
1,480 students · EQAO 2024-2025
École élémentaire L'Harmonie
Public · French · Grades JK–8 · Conseil scolaire Viamonde
6.2/106.6 over 5 yrs1,444th of 3,045 Ontario elementary schools
290 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Downtown Waterloo, 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
36,947
Population (2021)
11.7 km²
Area
3,154
People per km²
36
Median age
$68,527
Median income
33%
Own their home
2.1
People per household
16,935
Households
Every age
- Children (under 15)8.8%
- Working age (15–64)74.9%
- Seniors (65+)16.4%
What is built here
- Detached houses21.4%
- Semi-detached1.7%
- Townhouses5.1%
- Duplexes3%
- Low-rise apartments16.8%
- High-rise apartments52.1%
Own or rent
33%Owners
67%Renters
Across 16,935 households
When it was built
Mostly 1961–1980
- 1960 or earlier17%
- 1961–198023%
- 1981–199012%
- 1991–20008%
- 2001–20055%
- 2006–20105%
- 2011–201511%
- 2016–202120%
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.
- 23.2%
- Born outside Canada
- 43.1%
- Hold a degree or higher
- 52.3%
- Employment rate
- 12.6%
- Commute by transit
- 71.7%
- Commute by car
- 1.6
- Children per family
- $61,031
- Median income after tax
- $83,289
- Average household income
- 20.8%
- Living on a low income
- $1,389/mo
- Renters pay, per month
- $1,291/mo
- Owners pay, per month
- $544,928
- Median home value at census
- 41.9%
- Renters spending 30%+ of income on housing
- 26.9%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 41 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, HOMEH school registry
What homes in Downtown Waterloo actually sell for
25 homes changed hands in Downtown Waterloo over the 12 months to September 2026. Half sold above $447,662 and half below, 8.2% lower than the 12 months before. A typical home found its buyer in 40 days — 13 days quicker than a year ago.
- Median sold price
- $448K
- -8.2% year over year
- Days to sell
- 40
- 13 days quicker
- Sales closed
- 25
- last 12 months
- Per square foot
- $560
- from 25 sized sales
Three years of sold prices
The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one home here differs from the next.
What buyers actually paid
$969,100
on a $1,000,000 asking price — under ask by $30,900
- Of the asking price
- 96.9%
- Sold over asking
- 16%
From 25 sales that closed here in the last 12 months.
Rent or buy in Downtown Waterloo
19.6 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$447,662
25 sales
Median rent
$1,899/mo
63 leases
Gross rental yield
5.09%
before costs
Both figures come from deals that actually closed in Downtown Waterloo over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
What actually trades in Downtown Waterloo
A single median hides this: the mix of homes behind it, and what each kind costs.
- Condo apartment$420K20.0%
- Other kinds, too few of each —80.0%
Every month behind these charts — Downtown Waterloo, sales
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 1 | Not enough sales this month to report a median | |||
| Aug 2026 | 6 | $387,500 | $340K – $585K | 29 | 97.3% |
| Jul 2026 | 4 | Not enough sales this month to report a median | |||
| Jun 2026 | 5 | $420,000 | $375K – $450K | 30 | 96.6% |
| May 2026 | 2 | Not enough sales this month to report a median | |||
| Apr 2026 | 2 | Not enough sales this month to report a median | |||
| Jan 2026 | 3 | Not enough sales this month to report a median | |||
| Dec 2025 | 1 | Not enough sales this month to report a median | |||
| Nov 2025 | 1 | Not enough sales this month to report a median | |||
| Sep 2025 | 1 | Not enough sales this month to report a median | |||
| Jul 2025 | 5 | $454,000 | $438K – $493K | 37 | 97.5% |
| Apr 2025 | 1 | Not enough sales this month to report a median | |||
| Mar 2025 | 1 | Not enough sales this month to report a median | |||
| Feb 2025 | 1 | Not enough sales this month to report a median | |||
| Jan 2025 | 2 | Not enough sales this month to report a median | |||
| Nov 2024 | 1 | Not enough sales this month to report a median | |||
| Oct 2024 | 2 | Not enough sales this month to report a median | |||
| Sep 2024 | 1 | Not enough sales this month to report a median | |||
| Aug 2024 | 2 | Not enough sales this month to report a median | |||
| Jul 2024 | 1 | Not enough sales this month to report a median | |||
| May 2024 | 2 | Not enough sales this month to report a median | |||
| Apr 2024 | 1 | Not enough sales this month to report a median | |||
| Jan 2024 | 2 | Not enough sales this month to report a median | |||
20 of these months closed fewer than 5 sales. A middle value taken over that few is not a market figure — with one sale it is simply that home's closing price — so the count is shown and the median is not. The sales themselves still count toward the 12-month figures above.
What people ask about Downtown Waterloo
How much does a home cost in Downtown Waterloo?
Homes in Downtown Waterloo sold for a median of $447,662 over the 12 months to September 2026, across 25 closed sales — half sold for more and half for less. That is 8.2% lower than the 12 months before it.
How long does it take to sell a home in Downtown Waterloo?
A home in Downtown Waterloo took a median of 40 days on the market over the 12 months to September 2026. Homes there closed at 96.9% of the asking price on average, with 16.0% selling over asking.
How much is rent in Downtown Waterloo?
The median lease in Downtown Waterloo closed at $1,899 a month over the 12 months to September 2026, across 63 leases.
Is it cheaper to rent or buy in Downtown Waterloo?
A home in Downtown Waterloo costs about 19.6 years of the rent on one — the median price of $447,662 against a median rent of $1,899 a month, a gross yield of 5.09%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from sales reported closed in Downtown Waterloo 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
Half the condo apartments that changed hands in Downtown Waterloo over the 12 months to September 2026 sold above $420,000. Condos were 20% of everything that closed here, so there is no freehold market in Downtown Waterloo to read that number against.
- Median condo sold price
- $420K
- 5 closed sales
- Median condo rent
- $1,816/mo
- 47 leases
- Days to sell
- 30
- median, condo apartments
- Share of all sales
- 20%
- of everything that closed here