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188 S KING Street S Unit# 209, Waterloo — listed at $349,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
TURNKEY UPTOWN WATERLOO INVESTMENT! This stylish and beautifully updated 1-bedroom condo at The RED is now leased to an excellent tenant at $1,895/mo + hydro beginning November 1, 2026, offering investors immediate rental income in one of Waterloo’s most vibrant and walkable neighbourhoods. Thoughtfully designed, the 604 sq ft suite features hardwood floors, an updated kitchen with granite countertops, stainless steel appliances and plenty of cabinetry, flowing into a bright, open-concept living space. A shiplap feature wall with built-in display ledges adds character, while oversized windows provide plenty of natural light. Step outside onto the private balcony, a welcome extension of the living space. The bedroom comfortably fits a queen-sized bed and features an oversized armoire for additional storage. The renovated bathroom, custom electronic blinds, in-suite laundry and six appliances complete the suite. One underground parking space and a private storage locker are included. Residents enjoy a fitness centre, party/lounge room, rooftop terrace and bike storage in a professionally managed building. The location is hard to beat, with Vincenzo’s and The Bauer Marketplace just across the street, the ION LRT outside your door, and Uptown Waterloo restaurants, cafés, shops and Waterloo Park all within easy walking distance. Convenient to both universities, Grand River Hospital and Waterloo’s tech employers. Condo fees include heat and water. Tenant must be assumed. An excellent opportunity to add a well-located, already-tenanted Uptown Waterloo condo to your investment portfolio. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | 7'1'' x 7'0'' |
| 3pc Bathroom | Main level | 5'7'' x 6'10'' |
| Bedroom | Main level | 6'0'' x 11'4'' |
| Kitchen | Main level | 7'1'' x 12'5'' |
| Living room | Main level | 13'11'' x 14'8'' |
Who is 188 S KING Street S Unit# 209 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's the parking situation?+
This property includes 1 space — Underground, None.
Built in 2012 — is this considered new?+
A 2012 build means modern building codes, likely better insulation and wiring than older homes. Ask if any major systems (roof, furnace, windows) have been replaced — even newer homes need maintenance.
What do the condo/maintenance fees cover?+
The $383.39/mo fee covers: Common Area Maintenance, Property Management, Heat, Water, Insurance.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,082, a condo/maintenance fee of $383.39/mo, heating is forced air, natural gas. 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, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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