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Property Type: Condo / ApartmentOwnership: CondominiumRECENTLY LISTED
188 KING Street S Unit# 401
Waterloo, ON N2J0C6
MLS® 40873211
97
Walk Score
59
Transit
96
Bike
$625,000
2 bed2 bath1 parking1,175 sqftBuilt 2012
97
Walk Score
59
Transit
96
Bike
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
- Frontage
- 0 feet
C2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $824/mo
- Annual property tax
- $5,535
Maintenance Fee Includes
ManagementHeat
Also included: Insurance, Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 9'0'' x 14'3'' |
| 4pc Bathroom | Main level | — |
| Primary Bedroom | Main level | 10'9'' x 12'9'' |
| Living room/Dining room | Main level | 19'10'' x 19'11'' |
| Kitchen | Main level | 9'6'' x 11'0'' |
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:63161)
Listing Information
- MLS®
- 40873211
- Data last synced
- October 24, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40873211
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$532/sqft
Building average
—
No other active listings in this building
415 - Uptown Waterloo/Westmount average
$530/sqft
48 active listing(s)
Parking: 1 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 6.0% ($37,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$500,000.00
Periodic payment — Principal & Interest (monthly)$3,225.83
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,343.97
Total monthly cost$4,569.80
Interest paid over 5-yr term$143,301.44
Balance at end of term$449,751.62
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$37,500
Stress test qualifying rate8.19%
Payment you must qualify for$4,555.32
Cash Needed at Closing
Minimum down payment$37,500
Estimated Land Transfer Tax (LTT)$8,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$47,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
