$2,500/mo - 706 Waterloo Street Unit 2, London East
Multi-Family for Rent in London East
106 days on market- MLS Number
- X12738384
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 106
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome to Unit 2 (Upper Floor) at 706 Waterloo Street, located in the highly desirable Woodfield Neighbourhood of London, Ontario. This renovated one-level, second-floor unit with two private entrances, features 3 bedrooms, 1 full bathroom, and over 1200 sq. ft of living space. From the front of the unit, you have a private entrance with a foyer leading up to the second floor, where you're greeted by a large living room full of light from the large windows throughout. At the back of the unit, you have a separate eating and kitchen space, a pantry, as well as a large deck with private stairs leading down to the private 2-car tandem parking spaces. Enjoy the luxuries of the upgraded separate efficient heating and cooling units, along with hot water baseboard heat, one of the most efficient ways to heat your home in the winter. Additional features of this unit include large storage spaces, private washer and dryer units, and no carpet throughout. The location of this property is 10/10 within minutes walk to Victoria Park for the festivals throughout the year, across the street from Piccadilly Park / Piccadilly Tennis Courts, and only 15 minutes walk to St. Joseph's Hospital. Opportunities to live in this type of rental don't come often. Book your showing today to view in person! Water included, hydro and gas are separately metered. Not pictured are newly installed custom window coverings throughout the unit.
Discover London East
London East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London East
- •Convenient location in London East
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
706 Waterloo Street Unit 2, London East
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $2,500/mo, this is priced below the typical 3-bedroom rent of ~$3,500/mo in London East. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 106 days on site, this property has exceeded the typical selling timeline for London East. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.