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Neighbourhood in Waterloo
Homes for rent in Lakeshore Village
Lakeshore Village is a vibrant neighbourhood in Waterloo. It offers a mix of residential options and amenities for families and young professionals.
At a glance
Unit 613, 736 Old Albert Street
Waterloo (Lakeshore Village)
Listed today
- 2Bedrooms
- 1Bathroom
- 1Parking
- 700~1.1KSq.Ft.
MultiplexFor Rent
Unit 306, 736 Old Albert Street
Waterloo (Lakeshore Village)
Listed today
- 2Bedrooms
- 1Bathroom
- 1Parking
- 700~1.1KSq.Ft.
MultiplexFor Rent
Unit A, 518 Sunnydale Place
Waterloo (Lakeshore Village)
Listed 15 days ago
- 3Bedrooms
- 1Bathroom
- 0Garage
- 700~1.1KSq.Ft.
Freehold TownhouseFor Rent
Unit G, 520 Sunnydale Place
Waterloo (Lakeshore Village)
Listed 15 days ago
- 3Bedrooms
- 1Bathroom
- 0Garage
- 700~1.1KSq.Ft.
Freehold TownhouseFor Rent
Day to dayLivability
6.1
Schools near listings
out of 10 · averaged over 285 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
$614,500
In Lakeshore Village
$614,500
In Waterloo
$554,500
In Ontario
$704,900
Median monthly rent
$2,035/mo
In Lakeshore Village
$2,035
In Waterloo
$2,195
In Ontario
$2,500
≈ 25.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
17
Median $614,500
Houses 12 · Condos 5
For rent
9
Median $2,035
Houses 5 · Condos 4
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-28. 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
- Family-friendly environment
- Affordable rental prices
- Strong community feel
- Close to schools and parks
Keep in mind
- Higher prices compared to city median
- Limited public transit options
The feel of the placeLifestyle
Residents enjoy a balanced lifestyle with access to parks and local shops. The area is suitable for families and young adults alike.
Within the boundaryWhat's nearby
The boundary
5.7 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
11
Parks
13
Playgrounds
1
Transit stations
2
Grocery stores
18
Restaurants
4
Cafés
5
Gyms
1
Libraries
4
Pharmacies
Counted across all 5.7 km² of Lakeshore Village. From OpenStreetMap, as of 2026-10-26.
The schoolsWhich schools, and how they rate
6.1/10
Average rating of the 6 rated schools in this area
7
Elementary
2
Secondary
N A MacEachern Public School
Public · Grades JK–6 · Waterloo Region DSB
8.8/107.8 over 5 yrs118th of 3,045 Ontario elementary schools
260 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
Sir Edgar Bauer Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
7.0/106.6 over 5 yrs888th of 3,045 Ontario elementary schools
445 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
Winston Churchill Public School
Public · Grades JK–6 · Waterloo Region DSB
4.9/105.2 over 5 yrs2,233rd of 3,045 Ontario elementary schools
320 students · EQAO 2024-2025
Cedarbrae Public School
Public · Grades JK–6 · Waterloo Region DSB
1.8/103.7 over 5 yrs2,953rd of 3,045 Ontario elementary schools
240 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Lakeshore Village, 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
14,592
Population (2021)
4.3 km²
Area
3,383
People per km²
33.6
Median age
$70,852
Median income
38%
Own their home
2.4
People per household
6,085
Households
Every age
- Children (under 15)12.9%
- Working age (15–64)75.6%
- Seniors (65+)11.5%
What is built here
- Detached houses31.8%
- Semi-detached4.2%
- Townhouses12%
- Duplexes3.9%
- Low-rise apartments24.6%
- High-rise apartments23.4%
Own or rent
38%Owners
62%Renters
Across 6,085 households
When it was built
Mostly 1961–1980
- 1960 or earlier6%
- 1961–198050%
- 1981–199013%
- 1991–20007%
- 2001–20053%
- 2006–20103%
- 2011–20156%
- 2016–202110%
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.
- 26.3%
- Born outside Canada
- 34.4%
- Hold a degree or higher
- 55%
- Employment rate
- 10.6%
- Commute by transit
- 77.8%
- Commute by car
- 1.8
- Children per family
- $64,056
- Median income after tax
- $79,072
- Average household income
- 19.4%
- Living on a low income
- $1,233/mo
- Renters pay, per month
- $1,325/mo
- Owners pay, per month
- $550,873
- Median home value at census
- 30.8%
- Renters spending 30%+ of income on housing
- 22.7%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 23 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 Lakeshore Village actually rent for
31 homes were leased in Lakeshore Village over the 12 months to September 2026. Half leased above $2,227 and half below, 3.8% lower than the 12 months before. A typical home found its tenant in 42 days — 7 days slower than a year ago.
- Median rent
- $2,227
- -3.8% year over year
- Days to lease
- 42
- 7 days slower
- Leases closed
- 31
- last 12 months
- Rent per square foot
- $2.54/mo
- from 27 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
$2,957/mo
on a $3,000 asking rent — under ask by $43
- Of the asking rent
- 98.6%
- Leased over asking
- 3.2%
From 31 leases that closed here in the last 12 months.
Rent or buy in Lakeshore Village
21.4 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$572,542
24 sales
Median rent
$2,227/mo
31 leases
Gross rental yield
4.67%
before costs
Both figures come from deals that actually closed in Lakeshore Village 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 — Lakeshore Village, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 2 | Not enough leases this month to report a median | |||
| Aug 2026 | 4 | Not enough leases this month to report a median | |||
| Jun 2026 | 4 | Not enough leases this month to report a median | |||
| May 2026 | 3 | Not enough leases this month to report a median | |||
| Apr 2026 | 2 | Not enough leases this month to report a median | |||
| Mar 2026 | 6 | $2,050 | $1,963 – $2,610 | 29 | 100.0% |
| Feb 2026 | 2 | Not enough leases this month to report a median | |||
| Jan 2026 | 1 | Not enough leases this month to report a median | |||
| Dec 2025 | 3 | Not enough leases this month to report a median | |||
| Nov 2025 | 2 | Not enough leases this month to report a median | |||
| Oct 2025 | 2 | Not enough leases this month to report a median | |||
| Sep 2025 | 2 | Not enough leases this month to report a median | |||
| Aug 2025 | 8 | $2,200 | $1,838 – $2,321 | 19 | 100.0% |
| Jul 2025 | 1 | Not enough leases this month to report a median | |||
| Jun 2025 | 1 | Not enough leases this month to report a median | |||
| Apr 2025 | 3 | Not enough leases this month to report a median | |||
| Mar 2025 | 4 | Not enough leases this month to report a median | |||
| Feb 2025 | 2 | Not enough leases this month to report a median | |||
| Jan 2025 | 1 | Not enough leases this month to report a median | |||
| Dec 2024 | 1 | Not enough leases this month to report a median | |||
| Sep 2024 | 8 | $2,000 | $1,775 – $2,263 | 61 | 100.0% |
| Aug 2024 | 10 | $2,300 | $1,863 – $2,450 | 18 | 100.0% |
| Jul 2024 | 4 | Not enough leases this month to report a median | |||
| May 2024 | 5 | $2,350 | $2,300 – $2,350 | 40 | 100.0% |
| Mar 2024 | 1 | Not enough leases this month to report a median | |||
| Dec 2023 | 1 | Not enough leases this month to report a median | |||
| Nov 2023 | 2 | Not enough leases this month to report a median | |||
22 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 Lakeshore Village
How much does a home cost in Lakeshore Village?
Homes in Lakeshore Village sold for a median of $572,542 over the 12 months to September 2026, across 24 closed sales — half sold for more and half for less. That is 6.2% higher than the 12 months before it.
How long does it take to sell a home in Lakeshore Village?
A home in Lakeshore Village took a median of 38 days on the market over the 12 months to September 2026. Homes there closed at 99.0% of the asking price on average, with 29.2% selling over asking.
How much is rent in Lakeshore Village?
The median lease in Lakeshore Village closed at $2,227 a month over the 12 months to September 2026, across 31 leases.
Is it cheaper to rent or buy in Lakeshore Village?
A home in Lakeshore Village costs about 21.4 years of the rent on one — the median price of $572,542 against a median rent of $2,227 a month, a gross yield of 4.67%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Lakeshore Village 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
5 condo apartments and 4 condo townhouses are on the market in Lakeshore Village right now. Too few have closed here in the last year for us to publish a median we would stand behind.