188 King St S 604
Waterloo, N2J 0C6
FOR SALE
$1,549,000
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BEDROOMS2
BATHROOMS1
KITCHENS9
ROOMSX11920423
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Property Description
Discover a one-of-a-kind penthouse unit at The Red, 604-188 King Street S, where modern living meets boutique charm in the heart of Uptown Waterloo. Nestled in a quiet, low-rise building, this residence offers an intimate and community-oriented living experience while delivering all the conveniences of a condo lifestyle. Fully customized by combining two units into one, this home boasts a spacious and functional layout unlike any other in the building. With over $200k in recent updates, including coffered ceilings, luxurious new bathrooms, a deep custom soaker tub, and power blinds throughout, every detail exudes elegance and comfort, thanks to the thoughtful design by Susan Tait Design. The private balcony, equipped with a gas hookup for a BBQ, offers breathtaking city-spanning views and tranquil vistas of the residential area below, providing a peaceful retreat from the busy street. Inside, a gas fireplace adds warmth and ambiance, making the space as inviting as it is refined. With 2 bedrooms, a large den/office, 2 full bathrooms, and nearly 1,900 sq. ft. of thoughtfully designed living space, this penthouse is perfect for those seeking a rare and spacious condo in a vibrant location. The buildings prime setting places you steps from an LRT stop for effortless transit, while a short walk brings you to Vincenzos, The Bauer Kitchen, boutique shops, cafes, and restaurants. For added convenience, the unit includes two underground parking spaces, a secure storage locker, and access to private communal EV parking, making it ideal for modern living. The condo fees cover all utilities except hydro, simplifying monthly expenses. Whether you're seeking a lifestyle change or a sophisticated home in an exclusive setting, this penthouse offers the perfect blend of convenience, luxury, and community. Dont miss this rare opportunity to own a truly unique residence in Uptown Waterloo - your perfect retreat awaits at The Red.
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Nearby Intersections
King & University (74)
Property Features
Electric Car Charger, Hospital, Library, Park, Public Transit, School
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1800-1999
Taxes
$7,126 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Exclusive
Parking 2
Exclusive
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 15.68' x 13.32' | |
| Dining | Main | 15.68' x 9.25' | |
| Living | Main | 13.85' x 17.49' | |
| Prim Bdrm | Main | 15.58' x 13.48' | 5 Pc Ensuite |
| Br | Main | 13.25' x 10.24' | |
| Br | Main | 11.58' x 16.99' | |
| Laundry | Main | 5.15' x 5.15' |
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Waterloo Market Statistics
Waterloo Price Trend
188 King St S 604 is a 3-bedroom 2-bathroom condo listed for sale at $1,549,000, which is $596,500 (62.6%) higher than the average sold price of $952,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom condo in Waterloo increased by $567,500 (147.4%) compared to the previous 30 day period (December 22 - January 20) and up $527,500 (124.1%) from the same time one year ago.Inventory Change
There were 5 3-bedroom condos listed in Waterloo over the last 30 days (January 21 - February 19), which is down 28.6% compared with the previous 30 day period (December 22 - January 20) and down 28.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Waterloo typically sold ($2,500) (0.3%) below asking price over the last 30 days (January 21 - February 19), which represents a $12,400 increase compared to the previous 30 day period (December 22 - January 20) and ($24,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom condos in Waterloo over the last 30 days (January 21 - February 19) stood at 40.0%, up from 14.3% over the previous 30 days (December 22 - January 20) and down from 42.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Waterloo stood at 20 days when successfully sold over the last 30 days (January 21 - February 19), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Realty Inc.
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