Salehian.com 647-325-5000

181 King Street S 1602

Waterloo, N2J 0E7 · More in this building

$399,900

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  • 1 bedrooms
  • 1 bathrooms
  • 1 parking
  • 700-799 sq ft

Listed 211 days ago · 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.

Details

Type
Condo Apartment
Style
1 Storey/Apt
Age
6-10 years
Size
700-799 sq ft
Basement
None
Garage
Underground
Kitchens
1
Property tax
$4,535 (2025)
Maintenance fee
$746/month
Municipality
Waterloo
Price per sq ft
$534 (about the same as condo apartments in Waterloo)
Fee per sq ft
$0.99/month

Interior

Bedrooms
1 above ground
Bathrooms
1 × 4-piece (main)
Rooms
3 above ground
Family room or den
No
Fireplace
No
Laundry
In-Suite Laundry, Ensuite

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
1 Storey/Apt
Exterior
Concrete Block
Roof
Flat
Foundation
Concrete
Age
6-10 years

Parking

Garage spaces
1
Total parking
1

Condo

Building
CIRCA 1877
Monthly fee
$746
Fee includes
Common Elements Included, Building Insurance Included
Amenities
Community BBQ, Exercise Room, Game Room, Party Room/Meeting Room, Rooftop Deck/Garden, Outdoor Pool
Balcony
Enclosed
Exposure
East
View
Downtown
Pets
Yes-with Restrictions
Property manager
KING CONDO MGMT

More

Possession
Flexible
Nearby
Hospital, Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
Cross street
ALLEN STREET WEST

Rooms

RoomLevelSizeFeatures
KitchenMain4.57 × 6.1 m (15' × 20')
BedroomMain3.76 × 3.07 m (12'4" × 10'1")

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Allen LRT2 min walk
  • 🚇 Willis Way LRT5 min walk

Within a 10-minute walk: 3 grocery stores, 50 cafés and restaurants, 15 parks, 5 pharmacies. Nearest grocery: Vincenzo's (100 m). Nearest park: Brewmeister Green (100 m).

Schools nearby

Elementary

  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    13 min walk
  • Elizabeth Ziegler Public School
    EQAO: Gr 6 reading 93%, math 47%    13 min walk
  • Westmount Public School
    EQAO: Gr 6 reading 93%, math 38%    1.3 km
  • Empire Public School
    EQAO: Gr 6 reading 87%, math 52%    1.3 km

Secondary

  • Kitchener–Waterloo Collegiate and Vocational School
    EQAO: Gr 9 math 73%, literacy test 88%    16 min walk
  • MacGregor Public School1.2 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2J

Owners / renters
53% / 47%
Median household income
$74,500
Average age
42
Children under 15
12%
Homes
35% detached, 35% high-rise
Commute by transit
7%
Population
20,899

Languages spoken most at home besides English: Mandarin 1.8%, Arabic 1%, German 0.7%, Spanish 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 2 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CORCORAN HORIZON REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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