188 King St #401, Waterloo

Name: 188 King Street, Unit 401
SKU: X14109320
Price: 625000 CAD
Availability: InStock

2 Bed, 2 Bath Condo in Waterloo

Unit 401 at 188 King Street

Boutique living in the heart of Uptown Waterloo! Welcome to The Red, a stylish mid-rise condominium offering a more intimate feel than a traditional high-rise, right in one of Waterloo's most sought-after locations. Step outside and you're moments from Vincenzo's, Uptown Waterloo's vibrant shops, restaurants and cafés, with the LRT stop right at your doorstep. Enjoy the convenience of an urban lifestyle where many of your favourite destinations are just a short walk away, with underground parking included for added ease. Inside, this spacious 1,175 sq. ft. corner suite offers an open-concept layout filled with natural light, thanks to expansive floor-to-ceiling windows. The kitchen is designed for both everyday living and entertaining, featuring a generous granite island, soft-close drawers and stainless steel appliances. Modern finishes throughout create a clean, contemporary feel, while the thoughtfully designed layout offers plenty of room to relax or host friends and family. The impressive primary bedroom features abundant natural light, a walk-in closet and a five-piece ensuite with a steam-shower-ready setup. A generously sized second bedroom with its own ensuite, along with convenient in-suite laundry, completes the suite. Residents enjoy access to a range of amenities, including a fitness room, games and party room, rooftop patio and bike storage. An underground parking space and storage locker add everyday convenience. Whether you're looking to embrace the energy of Uptown Waterloo, simplify your lifestyle or enjoy a stylish home in a boutique condominium setting, this exceptional location puts it all within reach.

2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $625 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 #401

Every detail from the listing, in one place.

Type: Condo
Style: 1 Storey/Apt
Living space: 1000-1199 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 #401 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 22, 2026For saleListedThis listingMLS® X14109320$625,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 188 King St #401 Compares to the Waterloo Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Above Market· based on 713 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Waterloo market, last 90 days

Median sold price: $687,500
Average sold price: $752,766
Average days on market: 32
Homes sold: 428

Closed sales on the TRREB MLS®.

Full Waterloo market report

Market pulse · Waterloo

Waterloo market

Median sold price$687,500Last 90 days
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 listings413Homes for sale here right now.
Median vs prior 90 days−3.4%Compared with Apr 26 – Jul 25, 2026: prices down.

Based on 428 sales from Jul 25 – Oct 23, 2026 (303 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Waterloo

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 401 — 188 King Street 2 bd · 2 ba · 1,000 sqft	$625,000asking	$625	—	—
308 Lester Street 1 bd · 1 ba
55 Blue Springs Drive 2 bd · 2 ba · 1,200 sqft
6 Willow Street 2 bd · 2 ba · 1,200 sqft
251 NORTHFIELD Drive 2 bd · 2 ba · 1,000 sqft
249 Grey Silo Road 2 bd · 2 ba · 1,000 sqft
3 Father David Bauer Drive 1 bd · 2 ba · 1,000 sqft

308 Lester Street
1 bd · 1 ba
55 Blue Springs Drive
2 bd · 2 ba · 1,200 sqft
6 Willow Street
2 bd · 2 ba · 1,200 sqft
251 NORTHFIELD Drive
2 bd · 2 ba · 1,000 sqft
249 Grey Silo Road
2 bd · 2 ba · 1,000 sqft
3 Father David Bauer Drive
1 bd · 2 ba · 1,000 sqft

Living in Waterloo: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Allen StationION30 m1 min walk
Willis Way StationION450 m6 min walk
Waterloo Public Square StationION560 m7 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Allen Station (ION)1 min walk
Willis Way Station (ION)6 min walk
Waterloo Public Square Station (ION)7 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Allen Station
30 m1 minClosest· ION
Homes near Allen Station
Willis Way Station
450 m6 min· ION
Homes near Willis Way Station
Waterloo Public Square Station
560 m7 min· ION
Homes near Waterloo Public Square Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 188 King St #401. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 188 King St #401

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,070; 20% down · 25 years · 5.5% assumed
Property tax: $344; 0.66% mill rate · ON
Total per month: $3,414; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,070

/mo

based on the purchase price of $625,000

Down payment20%

$125,000 cash

Amortization25 yr

$500,000 financed

Rate5.50%

$421,131 total interest

Principal54%$500,000

Interest46%$421,131

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

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.

Book a tour of 188 King St #401 with a licensed buyer's agent

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Zara · AI virtual agent

Ask about 188 King St #401 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.

A licensed local agent

Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.

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Questions About 188 King St #401

How much is 188 King St #401 listed for?

188 King St #401 is listed at $625,000 (MLS® X14109320). Summitly updates the price as soon as the MLS® record changes.

Is $625,000 a good price for 188 King St #401?

Summitly rates it Above Market: the asking price is 5% to 15% 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 #401 changed?

No — 188 King St #401 is still listed at its original asking price of $625,000.

How many bedrooms and bathrooms does 188 King St #401 have?

188 King St #401 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Waterloo.

Is 188 King St #401 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 #401?

About $3,070 a month — principal and interest on $625,000 with 20% down ($125,000), 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 #401 compare with other homes in Waterloo?

Its asking price of $625,000 is about 9% below the median sold price in Waterloo over the last 90 days, $687,500, across 428 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 #401 been sold before?

Summitly has no earlier MLS® sale or lease of 188 King St #401 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 188 King St #401?

188 King St #401 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 188 King St #401 been on the market?

1 day — 188 King St #401 was listed on October 22, 2026.

What is the price per square foot of 188 King St #401?

About $521 to $625 per square foot: the asking price of $625,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 188 King St #401 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know

2 Bed, 2 Bath Condo in Waterloo

Unit 401 at 188 King Street

Inside 188 King St #401

Features & systems

188 King St #401 Price & Sale History

How 188 King St #401 Compares to the Waterloo Market

Waterloo market, last 90 days

Recently sold nearby in Waterloo

Living in Waterloo: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 188 King St #401

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on King Street? See what yours is worth

Zara, any time

A licensed local agent

See 188 King St #401, Waterloo in person

Similar homes for sale nearby in Waterloo

Explore More Condos in Waterloo

2 Bed, 2 Bath Condo in Waterloo

Unit 401 at 188 King Street

Inside 188 King St #401

Features & systems

188 King St #401 Price & Sale History

How 188 King St #401 Compares to the Waterloo Market

Waterloo market, last 90 days

Market pulse · Waterloo

Recently sold nearby in Waterloo

Living in Waterloo: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 188 King St #401

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on King Street? See what yours is worth

Zara, any time

A licensed local agent

See 188 King St #401, Waterloo in person

Questions About 188 King St #401

How much is 188 King St #401 listed for?

Is $625,000 a good price for 188 King St #401?

Has the price of 188 King St #401 changed?

How many bedrooms and bathrooms does 188 King St #401 have?

Is 188 King St #401 close to transit?

How much would the monthly mortgage be on 188 King St #401?

How does 188 King St #401 compare with other homes in Waterloo?

Has 188 King St #401 been sold before?

Where is 188 King St #401?

How long has 188 King St #401 been on the market?

What is the price per square foot of 188 King St #401?

Does 188 King St #401 have parking or a garage?

Similar homes for sale nearby in Waterloo

Explore More Condos in Waterloo

Market pulse · Waterloo

Transit nearby

Transit

Questions About 188 King St #401

How much is 188 King St #401 listed for?

Is $625,000 a good price for 188 King St #401?

Has the price of 188 King St #401 changed?

How many bedrooms and bathrooms does 188 King St #401 have?

Is 188 King St #401 close to transit?

How much would the monthly mortgage be on 188 King St #401?

How does 188 King St #401 compare with other homes in Waterloo?

Has 188 King St #401 been sold before?

Where is 188 King St #401?

How long has 188 King St #401 been on the market?

What is the price per square foot of 188 King St #401?

Does 188 King St #401 have parking or a garage?