1602 - 181 King Street
Waterloo, ON
1 bed • 1 bath • approx. 700-799 sqft • Condo Apartment • 151 days on market
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.
Listing Details
- Taxes (2025)
- $4,535
- Listed
- March 23, 2026
Price History
Property
- Style
- 1 Storey/Apt
- Age
- 6-10
- Construction
- Concrete Block
- Roof
- Flat
- Foundation
- Concrete
- Interior
- None
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- ALLEN STREET WEST
- Zoning
- U2-81
- Parcel Number
- 237140071
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Dishwasher, Dryer, Range Hood, Refrigerator, Washer
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 School1.1 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
Residential Condo & Other in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,032
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,032 recorded sales of residential condo & other properties in Waterloo over the last 12 months.
Rooms
4-piece on Main
Main
- Bedroom12'4" x 10'1"
- Kitchen15' x 20'
Listed by
CORCORAN HORIZON REALTY
Location
Mortgage Calculator
$79,980
Estimated Monthly Payment
$1,965
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,965/mo (20% down, 5.5%)
Taxes: $378/mo · Insurance: $100/mo
Estimates only. Consult a financial advisor.
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