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1602 - 181 KING STREET S, 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 |
|---|---|---|
| Kitchen | Main level | 4.57 x 6.1 meters |
| Bedroom | Main level | 3.76 x 3.07 meters |
What's the parking situation?+
This property includes 1 space — Garage, Underground.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What do the condo/maintenance fees cover?+
The $745.69/mo fee covers: Common Area Maintenance, Insurance.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is this a good starter home?+
At $399,900, this is priced in starter-home territory for Waterloo. Factor in condo fees when calculating your true monthly cost.
Who is 1602 - 181 KING STREET S 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.
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