188 King St S #209 is a 1-bedroom, 1-bathroom condo in Waterloo, listed for $349,900. It has 600-699 sq ft of living space.
1Thoughtfully 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.
2Step outside onto the private balcony, a welcome extension of the living space.
3The renovated bathroom, custom electronic blinds, in-suite laundry and six appliances complete the suite.
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.
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $583 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 188 King St S #209
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
600-699 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
188 King St S #209 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$1,719
/mo
based on the purchase price of $349,900
$69,980 cash
$279,920 financed
$235,766 total interest
Principal54%$279,920
Interest46%$235,766
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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Similar homes for sale nearby in Waterloo
Other 1–3 bed homes for sale in Waterloo around $350K.
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.
188 King St S #209 is listed at $349,900 (MLS® X13665058). Summitly updates the price as soon as the MLS® record changes.
Is $349,900 a good price for 188 King St S #209?
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 188 King St S #209 changed?
Yes — it was first listed at $379,900 and is now $349,900, a drop of $30,000 (7.9%).
How many bedrooms and bathrooms does 188 King St S #209 have?
188 King St S #209 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Waterloo.
Is 188 King St S #209 close to transit?
The nearest rapid-transit station is Allen Station (ION), about 30 m (about a 1-minute walk) in a straight line. Willis Way Station is about 450 m (about a 6-minute walk), and Waterloo Public Square Station is about 560 m (about a 7-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 188 King St S #209?
About $1,719 a month — principal and interest on $349,900 with 20% down ($69,980), 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 188 King St S #209 compare with other homes in Waterloo?
Its asking price of $349,900 is about 49% 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 188 King St S #209 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 188 King St S #209 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 188 King St S #209?
188 King St S #209 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 188 King St S #209 been on the market?
76 days — 188 King St S #209 was listed on August 11, 2026.
What is the price per square foot of 188 King St S #209?
About $501 to $583 per square foot: the asking price of $349,900 over the 600–699 sq ft the listing gives as its size range.
Does 188 King St S #209 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
