1602- 181 King Street South

Waterloo, ONCondo Apartment
$399,900
MLS® X12910602
Condo Apartment1 beds1 baths1 total
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About This Property

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. (id:63604)

Key Facts

Type
Condo Apartment
Beds
1
Baths
1
Size
700 sqft
Parking
1 total
Condo fee
$746

Highlights

  • Washer
  • Refrigerator
  • Dishwasher
  • Dryer
  • Hood Fan
Property Details 14 details
Bedrooms
1 bedroom
1 above grade
Bathrooms
1 bathroom
Parking
1 parking space
Garage · Underground
Living area
700 - 799 sq. ft.
Property
Single Family · Condo/Strata · Attached
Property subtype
Single Family
Structure type
Apartment
Ownership
Condo/Strata
Attached status
Attached
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Pool
Outdoor pool
Taxes
$4,535.00 (2,026)
Zoning
U2-81

Interior features

WasherRefrigeratorDishwasherDryerHood FanExercise CentreRecreation CentreParty Room

Exterior features

Concrete BlockConcrete

Systems and association

Common Area MaintenanceInsurance

Lot and water

BalconyIn suite Laundry
Rooms 2 rooms
Level
Room
Dimensions
Main level
Kitchen
4.57 m x 6.1 m
Main level
Bedroom
3.76 m x 3.07 m
Mortgage & Affordability Estimate monthly costs
Purchase price$399,900
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

City
Waterloo
Postal code
N2J 0E7
Nearby
Cross Streets: ALLEN STREET WEST. ** Directions: ON THE INTERSECTION OF KING STREET SOUTH AND ALLENSTREET WEST.