Gurvinder Nokwal REALTOR®
For Sale Condo Apartment 209 days on market

$399,900

Est. payment $1,771/moCalculate yours

181 King Street S 1602, Waterloo, ON N2J 0E7

Waterloo, ON N2J 0E7

  • 1 Beds
  • 1 Baths
  • 1 Garage
  • 700 Sq Ft
Map

Listing courtesy of CORCORAN HORIZON REALTY MLS® X12910602

About this home

An exceptional turnkey investment opportunity in one of Uptown Waterloo’s most sought-after buildings. This unit offers a truly hands-off ownership experience, featuring a secure, long-term lease in place for 5+ years, ensuring stable and predictable income from day one. What distinguishes this property is its fully managed structure. The tenant-an established and reputable company-not only occupies the unit but also assumes all property management responsibilities. This comprehensive arrangement is seamlessly integrated into the monthly rental income, providing investors with a completely passive, worry-free investment. Ideal for those seeking long-term stability, minimal involvement, and consistent returns in a prime urban location, this is a rare opportunity to acquire a secure, low-maintenance asset in a high-demand market.

Property details

Overview

Property Type
Condo Apartment
Style
1 Storey/Apt
For
For Sale
Status
New
Approximate Age
6-10
Size
700 sqft

Interior

Bedrooms
1
Bathrooms
1
Kitchens
1
Basement
None

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Concrete Block
Foundation
Concrete
Roof
Flat

Lot & Parking

Parking
Underground garage · 1 total
Zoning
U2-81

Financial

Property Taxes
$4,535 (2025)
Condo Fee
$746/mo
Fee Includes
Common Elements Included, Building Insurance Included
Pets
Yes-with Restrictions

Location

Cross Street
ALLEN STREET WEST

Listing

MLS® Number
X12910602
Days on Market
209
Listed On
2026-03-23
Listed By
CORCORAN HORIZON REALTY

Rooms

Room Level Dimensions
Bedroom Main 12′ 4″ × 10′ 1″
Kitchen Main 15′ 0″ × 20′ 0″

Features

Interior

  • None

Property

  • Hospital
  • Library
  • Park
  • Place Of Worship
  • Public Transit
  • Rec./Commun.Centre

Amenities

  • Community BBQ
  • Exercise Room
  • Game Room
  • Party Room/Meeting Room
  • Rooftop Deck/Garden
  • Outdoor Pool
Included
Dishwasher, Dryer, Range Hood, Refrigerator, Washer

Mortgage calculator

Minimum for this price: $19,995 (5%)

Amortization, years

Estimated mortgage payment

$1,771 per month

Principal and interest
$1,771
Property tax
$378
Condo fees
$746
Estimated monthly cost
$2,894

Your mortgage

Mortgage amount
$319,920
Mortgage insurance
Not needed
Interest over 25 years
$211,281

Cash to close

Down payment
$79,980
Land transfer tax
$4,474
Total, before legal fees
$84,454
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

181 King Street S 1602, Waterloo, ON N2J 0E7 Waterloo, ON N2J 0E7
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$399,900 181 King Street S 1602, Waterloo, ON N2J 0E7
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