181 King Street S, Unit 1602
181 King Street S, Unit 1602
$399,900
$533/sq ft· Bldg avg $633/sq ft · 153 days on market
About This Listing
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.
Amenities
| Monthly Mortgage (P&I) | $1,742 |
| Property Tax (MLS) | $378 |
| Maintenance Fees | $746 |
| Total Monthly Cost | $2,866 |
Down payment: $79,980 (20.0%) · Mortgage: $319,920
Property tax uses MLS annual tax of $4,535/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Circa1877 Condos
Red Bricks Databy HIP Developments · 181 King Street South
Maint. Fees
0.00
Listing provided by CORCORAN HORIZON REALTY
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Data last updated: August 23, 2026 at 12:26 a.m.