Mahoney and Pearson Residential College residents were evacuated from their dorms on Wednesday afternoon.
As of 5 p.m., however, students were back inside the building.
Officials say that the university is dealing with an apparent burst sprinkler pipe. This leak is responsible for three to four inches of standing water in the basement, which will be pumped out.
There was no impact on student floors, and no one was hurt.
Facilities and other personnel are on site working on cleaning up and removing water.
This story will be updated as more information becomes available.