181 S KING Street S Unit# 1602

Waterloo, Ontario N2J0E7

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$399,900

792.01 sqft

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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:54619)

General Info

Appliances: Dishwasher, Dryer, Refrigerator, Washer, Hood Fan

Basement: None

Building Type: Apartment

Amenities: Exercise Centre, Party Room

Total Stories: 1

Amenities Nearby: Hospital, Park, Playground, Schools, Shopping

Parking: Underground, None

Maintenance Fees: $745.69 Monthly

Rooms

Main level: 4pc Bathroom; Measurements not available

: Bedroom; 12'4'' x 10'1''

: Kitchen/Dining room; 15'0'' x 20'0''

Other Details 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:54619)