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181 King Street Unit 1602

Waterloo, ON N2J 0E7

ActiveFor Sale
1 Beds
1 Baths
700 Sq Ft
Condo

About This Property

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

StatusActive
Property TypeCondo
Listing TypeFor Sale
Interior Size700 sq ft
Bedrooms1
Bathrooms1
LockerNone
BalconyEnclosed
ExposureEast
Postal CodeN2J 0E7
Last UpdatedAug 8, 2026 · 7:48 p.m.

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Features & Amenities

  • View
  • Balcony
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12910602

Listed by CORCORAN HORIZON REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$399,900

asking price

MLS®X12910602
TypeCondo
CityWaterloo
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$1,953

/month · $319,920 mortgage

Down Payment20% — $79,980
Interest Rate5.5%

Amortization

Total Interest

$265,909

Total Cost

$585,829

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

CORCORAN HORIZON REALTY