1602 - 181 King Street S, Waterloo, ON N2J 0E7
Waterloo · Near ALLEN STREET WEST · View map
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.
The home
- Type
- Condo Apartment · 1 Storey/Apt
- Square footage
- 700-799 sq ft
- Bedrooms
- 1
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 3
- Floor
- 16th
- Exposure
- East
- Balcony
- Enclosed
- View
- Downtown
- Laundry
- In-Suite Laundry
- Approximate age
- 6-10 years
Building & fees
- Maintenance fee
- $745.69/mo
- Fee includes
- Common Elements, Building Insurance
- Condo corporation
- CIRCA 1877
- Property management
- KING CONDO MGMT
- Pets
- Allowed, with restrictions
- Locker
- None
- Exterior
- Concrete Block
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Parking
- Parking spaces
- 1
- Garage
- Underground
Taxes & other
- Property taxes
- $4,535/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- ALLEN STREET WEST
More
- Price per sq ft
- ~$533 (at 750 sq ft)
- Listed
- Mar 23, 2026 · 203 days ago
- MLS® number
- X12910602
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Building amenities
- Community BBQ
- Exercise Room
- Game Room
- Party Room/Meeting Room
- Rooftop Deck/Garden
- Outdoor Pool
Included in the maintenance fee
- Common Elements
- Building Insurance
The unit and its surroundings
- Hospital
- Library
- Park
- Place Of Worship
- Public Transit
- Rec./Commun.Centre
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 181 King Street
See what this unit and others in the building were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1602 - 181 King Street S
Answers come straight from this condo’s MLS® listing.
How much is 1602 - 181 King Street S listed for?
1602 - 181 King Street S is listed for $399,900. With 20% down ($79,980), the mortgage payment would be roughly $1,613 a month at 4.5% over 30 years, before the maintenance fee and property tax. That figure is an illustration, not a quote.
How many bedrooms and bathrooms does 1602 - 181 King Street S have?
1602 - 181 King Street S has 1 bedroom and 1 bathroom.
How big is 1602 - 181 King Street S?
The listing puts the unit between 700 and 799 sq ft. The board reports a range rather than an exact figure, and it does not include a balcony or terrace.
What type of home is 1602 - 181 King Street S?
1602 - 181 King Street S is a condo apartment in Waterloo. The unit is on the 16th floor, facing east.
What are the maintenance fees at 1602 - 181 King Street S, and what do they cover?
The maintenance fee is $745.69 a month. The listing says it covers common elements, building insurance. Fees can change, so confirm the current amount in the status certificate.
Does 1602 - 181 King Street S come with parking and a locker?
The listing includes 1 parking space. There is no locker with the unit.
Are pets allowed at 1602 - 181 King Street S?
Pets are allowed, with restrictions. Buildings often limit the size, number or type of pet, so check the condo rules before you offer.
What amenities does the building have?
The listing names these building amenities: community bbq, exercise room, game room, party room/meeting room, rooftop deck/garden, outdoor pool.
How is 1602 - 181 King Street S heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 1602 - 181 King Street S?
Property taxes are $4,535 a year (2025), or about $378 a month.
What neighbourhood is 1602 - 181 King Street S in?
1602 - 181 King Street S is in Waterloo. The nearest main intersection is ALLEN STREET WEST. The postal code is N2J 0E7.
Is 1602 - 181 King Street S still for sale?
Yes. 1602 - 181 King Street S is an active listing (MLS® X12910602), on the market since March 23, 2026. Listings here update from the board through the day and come down once a condo sells.
What have condos at 181 King Street sold for?
Recent sales, leases and expired listings for this unit and the rest of the building are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1602 - 181 King Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this condo and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.