UW Place

You definitely can’t beat UWP for proximity to campus, especially since half the walk is indoors thanks to the bridge over University Ave.
I stayed an Village 1 first year, and I’m glad I did, mostly because of the fact that there’s a cafeteria, but also because of the density of people. It was a great place to meet lots of new people.
At UWP on the other hand, you get a lot more space to yourself. You aren’t always bumping into loads of people because the suites are mostly like any apartment. You and two or three roommates share a normal apartment, with kitchen, one or two bathrooms, and a common area. Most importantly, there’s no cafeteria, so you need to cook for yourself, although you’re very close to Campus Plaza in case you get too lazy to cook.
I chose to stay in UWP for a Winter term because I didn’t want to have a long walk to campus in 6ft of snow, uphill both ways, etc. and I’m very happy with my decision. I was a little unsure about going back into residence in an upper-​year, with events organized by the don, less freedom than staying off-​campus (quiet hours, etc.) All things considered, the very fast internet, reliable maintenance staff and all-​inclusive utilities outweighed any negatives that are associated with residence. These and many other factors made the term very worry-​free, which is great. You should be worrying about other things when you’re at school. UWP even has a grocery shuttle every week to take you to and from the grocery store!
The only thing that you need to be aware of, and this is the case with all University of Waterloo residences as far as I know, you need to pay for the entire four months up front along with tuition.