$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
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
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
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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $84,454
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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