$665,000

$715,000For salePrice drop↓ $50,000 (7%)

#511 191 KING Street South, Waterloo - Single Family for Sale

#511 191 KING Street South, Waterloo, Ontario, N2J1R1

2 beds2 baths3 parking1,130 ft²$913/mo condo feeListed 43 days ago

Overview

This 2-bedroom, 2-bathroom condo in Waterloo is for sale offering roughly 1,130 sq ft of space. It has been on the market 43 days, fresher than the Waterloo average of 67 days.

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Description

SOUTHWEST CORNER UNIT, 3 PARKING SPACES, 2 LOCKERS & STEPS TO UPTOWN WATERLOO! Welcome to Unit 511 at Bauer Lofts, a coveted boutique building steps from Vincenzo’s, Bauer Kitchen, the LRT, and all the amenities Uptown Waterloo has to offer. Featuring 10 ft ceilings and an abundance of natural light flowing through extensive floor-to-ceiling windows, this spacious 2 Bed, 2 Full Bath corner unit offers 1130 sq ft of living space, three owned parking spaces, two lockers and plenty of interior storage. The open concept floor plan extends onto a private corner balcony with sweeping sunset views, while the updated kitchen features a custom designed 8+ ft island with a clever pullout extension perfect for entertaining. The spacious primary suite is a true retreat, complete with a 5-piece ensuite bath featuring double sinks, granite counters, separate shower and soaker tub. Thoughtful recent updates include full professional paint throughout (2024), a new air conditioner (2025), new blackout window coverings (2025) and custom built closet doors (2025). Rare for condo living, this unit includes TWO side-by-side underground vehicle spaces, a dedicated motorcycle space and TWO storage lockers. Residents enjoy premium amenities including a fitness centre, bike storage, amenity room and rooftop terrace. A rare combination of space, natural light and location in one of Waterloo’s most recognizable & distinguished boutique buildings. Don’t miss the video and virtual tour! (id:66096)

Property Details

MLS®: 40864458
Property Type: Single Family
Zoning: C2-25
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,130 ft²
Year Built: 2008
Storeys: 1
Style: Other
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Underground, Covered
Condo Fee: $913/mo
Fee Includes: Heat, Water
Ownership

Rooms

Main level

4pc Bathroom: 5'6'' x 10'10''
5pc Bathroom: 7'8'' x 12'1''
Bedroom: 9'9'' x 16'2''
Primary Bedroom: 10'10'' x 18'6''
Kitchen/Dining room: 13'7'' x 21'8''
Living room: 8'10'' x 13'5''

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

Features

Exterior: Concrete, Brick
Lot Features: Southern exposure, Balcony, Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Waterloo listings, avg age

67d

Price / ft²

$588

List price

$665K

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 43 days, which is 24 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · Maria Bushey

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $665,000, about 8.9× the local median household income of $74,500.

Carrying it typically needs a household income of about $129,898 (20% down, 25-yr amortization, stress-tested) — roughly 74% 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)

$665,000· $588/ft²

For sale

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Full Cost Breakdown

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Down Payment6.24% · $41,500

Min 6.24%50%

Mortgage payment$3,457/mo

↳ CMHC premium ($24,940 capitalized)

Property tax (est.)$486/mo

Condo fee$913/mo

Total monthly$4,856

Cash Needed to Close

Down payment (6.24%)$41,500

Land transfer tax$9,775

Est. closing costs$4,495

Total cash needed$55,770

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