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181 S KING Street S Unit# 1602, Waterloo — listed at $399,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 10'1'' x 12'4'' |
| Kitchen/Dining room | Main level | 20'0'' x 15'0'' |
What's the parking situation?+
This property includes 1 space — Underground, None.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Who is 181 S KING Street S Unit# 1602 best suited for?+
With 1 bedroom and 1 bathroom, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,535, a condo/maintenance fee of $745.69/mo, heating is forced air. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air. Ask for past utility bills to understand real heating costs.
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
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Benchmark price · Updated 2026-09
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