Condos for Rent in Erbsville/Laurelwood, Waterloo, ON
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Neighbourhood in Waterloo
Erbsville/Laurelwood
Erbsville/Laurelwood is a quiet neighbourhood in Waterloo. It offers family-friendly living with good schools and parks.
At a glance
Day to dayLivability
8.7
Schools near listings
out of 10 · averaged over 16 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
$866,500
In Erbsville/Laurelwood
$866,500
In Waterloo
$579,900
In Ontario
$715,000
Median monthly rent
$2,900/mo
In Erbsville/Laurelwood
$2,900
In Waterloo
$2,200
In Ontario
$2,500
≈ 24.9 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
6
Median $866,500
Houses 5 · Condos 1
For rent
4
Median $2,900
Houses 3 · Condos 1
Recently sold
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Recently leased
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Market data as of 2026-10-16. 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
- Strong school system for families
- Safe and quiet environment
- Good access to parks and recreation
- Community-focused with a high ownership rate
Keep in mind
- Higher prices than city median
- Limited public transit options
The feel of the placeLifestyle
Residents enjoy a suburban lifestyle with access to outdoor activities. The community is welcoming and family-oriented.
Within the boundaryWhat's nearby
The boundary
2.2 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
18
Parks
9
Playgrounds
1
Grocery stores
3
Restaurants
1
Cafés
2
Pharmacies
Counted across all 2.2 km² of Erbsville/Laurelwood. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
8.6/10
Average rating of the 3 rated schools in this area
2
Elementary
1
Secondary
Abraham Erb Public School
Public · Grades JK–6 · Waterloo Region DSB
9.3/108.9 over 5 yrs53rd of 3,045 Ontario elementary schools
395 students · EQAO 2024-2025
Laurel Heights Secondary School
Public · Grades 9–12 · Waterloo Region DSB
8.7/108.2 over 5 yrs33rd of 742 Ontario secondary schools
1,765 students · EQAO 2024-2025
St Nicholas Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
7.7/107.8 over 5 yrs476th of 3,045 Ontario elementary schools
495 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Erbsville/Laurelwood, 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
4,563
Population (2021)
4.1 km²
Area
1,110
People per km²
36.4
Median age
$115,767
Median income
76%
Own their home
3.2
People per household
1,420
Households
Every age
- Children (under 15)20.9%
- Working age (15–64)69.6%
- Seniors (65+)9.4%
What is built here
- Detached houses60.6%
- Semi-detached5%
- Townhouses19.1%
- Duplexes0.7%
- Low-rise apartments3.2%
- High-rise apartments12.1%
Own or rent
76%Owners
24%Renters
Across 1,420 households
When it was built
Mostly 2001–2005
- 1960 or earlier1%
- 1961–19801%
- 1981–19901%
- 1991–200010%
- 2001–200536%
- 2006–201030%
- 2011–20159%
- 2016–202111%
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.
- 45.3%
- Born outside Canada
- 52.3%
- Hold a degree or higher
- 54.6%
- Employment rate
- 2.8%
- Commute by transit
- 90.5%
- Commute by car
- 1.9
- Children per family
- $99,538
- Median income after tax
- $159,640
- Average household income
- 11.9%
- Living on a low income
- $2,100/mo
- Renters pay, per month
- $1,661/mo
- Owners pay, per month
- $772,288
- Median home value at census
- 43.5%
- Renters spending 30%+ of income on housing
- 16.1%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 2 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