Real Estate for Rent in Upper Beechwood, Waterloo, ON

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Neighbourhood in Waterloo

Upper Beechwood

suburban family-oriented quiet

Upper Beechwood is a quiet neighbourhood in Waterloo, Ontario. It offers a mix of residential homes and condos, making it suitable for families and professionals alike.

Median home price is $806,950 High school rating average is 7.8 Majority of homes are single-detached Population is around 6,000 88.5% of residents own their homes

At a glance

Photo of 756 Karlsfeld Road
For RentFinished Basement
Listed for:

Listed 15 days ago

$3,500

756 Karlsfeld Road

Waterloo (Upper Beechwood), ON N2T 2X2

3 + 2Bedrooms
4Bathrooms
2Garage
2K-2.5KSq Ft

DetachedFor Rent

Photo of 735 Karlsfeld Road
For Rent
Listed for:

Listed Jul 10, 2026

$3,375

735 Karlsfeld Road

Waterloo (Upper Beechwood), ON N2T 2W4

4Bedrooms
3Bathrooms
2Garage
2K-2.5KSq Ft

DetachedFor Rent

Day to dayLivability

7.8

Schools near listings

out of 10 · averaged over 28 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

$806,950

47% above Waterloo 12% above Ontario

In Upper Beechwood

$806,950

In Waterloo

$547,500

In Ontario

$718,000

Median monthly rent

$3,438/mo

55% above Waterloo 38% above Ontario

In Upper Beechwood

$3,438

In Waterloo

$2,223

In Ontario

$2,500

≈ 19.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

10

Median $806,950

Condos 6 · Houses 4

For rent

2

Median $3,438

Houses 2

Recently sold

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Recently leased

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Market data as of 2026-10-14. 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 with parks and schools
  • Strong community with a high ownership rate
  • Good average income level for residents
  • Low percentage of low-income households

Keep in mind

  • Higher prices compared to city median
  • Limited public transit options
  • Few amenities like restaurants and cafes

The feel of the placeLifestyle

Daily life in Upper Beechwood is calm and suburban, with a focus on family activities and outdoor spaces. Residents enjoy a peaceful environment with access to parks.

Great for families first-time buyers professionals

Within the boundaryWhat's nearby

The boundary

2.4 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

14

Parks

7

Playgrounds

1

Gyms

Counted across all 2.4 km² of Upper Beechwood. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.6/10

Average rating of the 1 rated school in this area

1

Elementary

  • Mary Johnston Public School

    Public · Grades JK–6 · Waterloo Region DSB

    7.6/107.6 over 5 yrs

    516th of 3,045 Ontario elementary schools

    375 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Upper Beechwood, 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

6,000

Population (2021)

2.4 km²

Area

2,539

People per km²

43.7

Median age

$142,071

Median income

89%

Own their home

3

People per household

2,080

Households

Every age

  • Children (under 15)16.5%
  • Working age (15–64)63.6%
  • Seniors (65+)19.9%

What is built here

  • Detached houses80.9%
  • Semi-detached1.2%
  • Townhouses17.2%
  • Duplexes1%

Own or rent

89%Owners

12%Renters

Across 2,080 households

When it was built

Mostly 1981–1990

  • 1960 or earlier1%
  • 1961–198015%
  • 1981–199036%
  • 1991–200016%
  • 2001–200524%
  • 2006–20105%
  • 2011–20151%
  • 2016–20211%

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.

32%
Born outside Canada
51.6%
Hold a degree or higher
57.1%
Employment rate
1.4%
Commute by transit
89.8%
Commute by car
1.9
Children per family
$118,493
Median income after tax
$176,685
Average household income
5.2%
Living on a low income
$1,692/mo
Renters pay, per month
$1,443/mo
Owners pay, per month
$864,413
Median home value at census
10.1%
Renters spending 30%+ of income on housing
10.1%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 10 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

Condos in Upper Beechwood

A condo here is its own market

4 condo townhouses are on the market in Upper Beechwood right now. Too few have closed here in the last year for us to publish a median we would stand behind.