1602 - 181 KING Street
Waterloo, Ontario
- 1 bed
- 1 bath
- Single Family
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.
Price History
Schools
Elementary
- Our Lady of Lourdes Catholic Elementary School0.8 km
Catholic · Waterloo CDSB · 385 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Elizabeth Ziegler Public School0.8 km
Public · Waterloo Region DSB · 510 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 47% met the provincial standard
- Westmount Public School1.2 km
Public · Waterloo Region DSB · 480 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 38% met the provincial standard
Secondary
- Kitchener Waterloo Collegiate and Vocational School1 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Bluevale Collegiate Institute2.3 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- Waterloo Collegiate Institute2.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2J
- Population
- 20,899
- Private dwellings
- 10,672
- Median age
- 36.8
- Average household size
- 2.2
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Waterloo · last 12 months
- Median sold price
- $693,750
- Homes sold
- 1,040
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,040 recorded sales of single family properties in Waterloo over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$79,980
Estimated Monthly Payment
$1,965
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,965/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $100/mo
Estimates only. Consult a financial advisor.
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