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Price Change$379,900

209 - 188 King Street S

, Waterloo

$349,900

Condo Apartment |
1 | 1 | 1 | 1
About this home

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.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age11-15
Size600-699 sq. ft.
Maintenance Fees$383
LockerExclusive
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,082
mls© NumberX13665058
Listed ByRE/MAX Solid Gold Realty (II) Ltd
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,791
Property tax
$340
Heat allowance
$150
Condo fees, half counted
$192
Housing costs
$2,473 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $69,980
25-yr amortization

Income needed

$76,000

gross annual household income

Payment at 4%
$1,472 / mo
Cash down
$69,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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