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.
1 bedroom, 1 bathroom, about 700 sq ft, works out to roughly $571 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 181 King St S #1602
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
700-799 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
181 King St S #1602 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X12910602$399,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 181 King St S #1602 Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,965
/mo
based on the purchase price of $399,900
$79,980 cash
$319,920 financed
$269,457 total interest
Principal54%$319,920
Interest46%$269,457
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Waterloo
Other 1–2 bed homes for sale in Waterloo around $400K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings400Homes for sale here right now.
Median vs prior 90 days−3.8%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 436 sales from Jul 28 – Oct 26, 2026 (305 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
3 for sale · 1 for rent at 181 King St S — plus its sale and lease history.
181 King St S #1602 is listed at $399,900 (MLS® X12910602). Summitly updates the price as soon as the MLS® record changes.
Is $399,900 a good price for 181 King St S #1602?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Waterloo. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 181 King St S #1602 changed?
No — 181 King St S #1602 is still listed at its original asking price of $399,900.
How many bedrooms and bathrooms does 181 King St S #1602 have?
181 King St S #1602 has 1 bedroom and 1 bathroom, with about 700–799 square feet of living space. It is a condo in Waterloo.
Is 181 King St S #1602 close to transit?
The nearest rapid-transit station is Allen Station (ION), about 140 m (about a 2-minute walk) in a straight line. Willis Way Station is about 340 m (about a 4-minute walk), and Waterloo Public Square Station is about 470 m (about a 6-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 181 King St S #1602?
About $1,965 a month — principal and interest on $399,900 with 20% down ($79,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 181 King St S #1602 compare with other homes in Waterloo?
Its asking price of $399,900 is about 42% below the median sold price in Waterloo over the last 90 days, $687,500, across 436 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 181 King St S #1602 been sold before?
Summitly has no earlier MLS® sale or lease of 181 King St S #1602 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 181 King St S #1602?
181 King St S #1602 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 181 King St S #1602 been on the market?
217 days — 181 King St S #1602 was listed on March 23, 2026.
What is the price per square foot of 181 King St S #1602?
About $501 to $571 per square foot: the asking price of $399,900 over the 700–799 sq ft the listing gives as its size range.
Does 181 King St S #1602 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
