Salehian.com 647-325-5000

188 King Street S 209

Waterloo, N2J 0C6 · More in this building

$349,900

Reduced $30,000 from $379,900

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  • 1 bedrooms
  • 1 bathrooms
  • 1 parking
  • 600-699 sq ft

Listed 69 days ago · MLS® X13665058

About this home

TURNKEY UPTOWN WATERLOO INVESTMENT! This stylish and beautifully updated 1-bedroom condo at The RED is now leased to an excellent tenant at $1,895/mo + hydro beginning November 1, 2026, offering investors immediate rental income in one of Waterloo's most vibrant and walkable neighbourhoods. Thoughtfully designed, the 604 sq ft suite features hardwood floors, an updated kitchen with granite countertops, stainless steel appliances and plenty of cabinetry, flowing into a bright, open-concept living space. A shiplap feature wall with built-in display ledges adds character, while oversized windows provide plenty of natural light. Step outside onto the private balcony, a welcome extension of the living space. The bedroom comfortably fits a queen-sized bed and features an oversized armoire for additional storage. The renovated bathroom, custom electronic blinds, in-suite laundry and six appliances complete the suite. One underground parking space and a private storage locker are included. Residents enjoy a fitness centre, party/lounge room, rooftop terrace and bike storage in a professionally managed building. The location is hard to beat, with Vincenzo's and The Bauer Marketplace just across the street, the ION LRT outside your door, and Uptown Waterloo restaurants, cafés, shops and Waterloo Park all within easy walking distance. Convenient to both universities, Grand River Hospital and Waterloo's tech employers. Condo fees include heat and water. Tenant must be assumed. An excellent opportunity to add a well-located, already-tenanted Uptown Waterloo condo to your investment portfolio.

Details

Type
Condo Apartment
Style
1 Storey/Apt
Age
11-15 years
Size
600-699 sq ft
Basement
None
Garage
Underground
Kitchens
1
Property tax
$4,082 (2026)
Maintenance fee
$383/month
Municipality
Waterloo
Price per sq ft
$539 (4% above condo apartments in Waterloo, $517)
Fee per sq ft
$0.59/month

Interior

Bedrooms
1 above ground
Bathrooms
1 × 3-piece
Rooms
5 above ground
Family room or den
No
Fireplace
No
Laundry
In-Suite Laundry, Ensuite
Features
Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
1 Storey/Apt
Exterior
Brick
Roof
Tar and Gravel
Age
11-15 years

Parking

Garage spaces
1
Total parking
1

Condo

Building
The Red
Monthly fee
$383
Fee includes
Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
Amenities
Bike Storage, Exercise Room, Party Room/Meeting Room, Rooftop Deck/Garden
Locker
Exclusive (level Level 2)
Balcony
Open
Exposure
South West
Pets
Yes-with Restrictions
Property manager
Prudential Property Mgmt

More

Possession
Flexible
Nearby
Hospital, Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
Cross street
King St S and Allen St E

Rooms

RoomLevelSizeFeatures
Living RoomMain4.47 × 4.24 m (14'8" × 13'11")Hardwood Floor
KitchenMain3.78 × 2.16 m (12'5" × 7'1")B/I Microwave, Stainless Steel Appl, Hardwood Floor
BedroomMain3.45 × 1.83 m (11'4" × 6')Closet Organizers, Hardwood Floor
BathroomMain2.08 × 1.7 m (6'10" × 5'7")3 Pc Bath, Tile Floor
FoyerMain2.13 × 2.16 m (7' × 7'1")Combined w/Laundry, Hardwood Floor

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Allen LRT1 min walk
  • 🚇 Willis Way LRT7 min walk

Within a 10-minute walk: 3 grocery stores, 49 cafés and restaurants, 15 parks, 5 pharmacies. Nearest grocery: Vincenzo's (100 m). Nearest park: Heritage Park (250 m).

Schools nearby

Elementary

  • Elizabeth Ziegler Public School
    EQAO: Gr 6 reading 93%, math 47%    12 min walk
  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    15 min walk
  • King Edward Public School
    EQAO: Gr 6 reading 77%, math 30%    18 min walk
  • Westmount Public School
    EQAO: Gr 6 reading 93%, math 38%    1.2 km

Secondary

  • Kitchener–Waterloo Collegiate and Vocational School
    EQAO: Gr 9 math 73%, literacy test 88%    14 min walk
  • MacGregor Public School1.3 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 RE/MAX Solid Gold Realty (II) Ltd.

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

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