$625,000

For sale

#401 188 KING Street South, Waterloo - Single Family for Sale

#401 188 KING Street South, Waterloo, Ontario, N2J0C6

2 beds2 baths1 parking1,175 ft²$824/mo condo feeListed 13 days ago

Overview

This 2-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 1,175 sq ft of space. It has been on the market 13 days, fresher than the Waterloo average of 67 days.

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Description

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 and EV charging included for added ease. Inside, this spacious 1,113 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 beautiful walk-in shower with steam-shower rough-in. 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. (id:66096)

Property Details

MLS®: 40873211
Property Type: Single Family
Zoning: C2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,175 ft²
Year Built: 2012
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, Open, None
Condo Fee: $824/mo
Fee Includes: Property Management, Heat, Insurance, Parking
Ownership

Rooms

Main level

4pc Bathroom
Bedroom: 9'0'' x 14'3''
4pc Bathroom
Primary Bedroom: 10'9'' x 12'9''
Living room/Dining room: 19'10'' x 19'11''
Kitchen: 9'6'' x 11'0''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Foundation: Poured Concrete
Exterior: Concrete, Brick
Lot Features: Balcony, Paved driveway, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Waterloo listings, avg age

67d

Price / ft²

$532

List price

$625K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Waterloo has been listed for 13 days, which is 54 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Royal LePage Wolle Realty · MICHAEL HEWITSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $625,000, about 8.4× the local median household income of $74,500.

Carrying it typically needs a household income of about $122,084 (20% down, 25-yr amortization, stress-tested) — roughly 64% above the area median.

Median household income: $74,500
Population: 20,899
Median age: 36.8
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$625,000· $532/ft²

For sale

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Full Cost Breakdown

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Down Payment6% · $37,500

Min 6%50%

Mortgage payment$3,257/mo

↳ CMHC premium ($23,500 capitalized)

Property tax (est.)$461/mo

Condo fee$824/mo

Total monthly$4,542

Cash Needed to Close

Down payment (6%)$37,500

Land transfer tax$8,975

Est. closing costs$4,375

Total cash needed$50,850

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice