191 King Street S 511, Waterloo

$665,000
191 King Street S 511

$665,000

Price Change
30d
Condo ApartmentApartment

191 King Street S 511, Waterloo

Total Monthly Obligation $4,282

Beds
2
Baths
2
Park
3
Sqft
1000-1199
DOM
30d
Score
15
Yield
4.5%
Cash on Cash
-13.2%
Cap Rate
1.7%
5Y IRR
5.3%
10Y IRR
6.7%
Property Type-Condo Apartment
MLS® Number-X13817438
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 23, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$5,836 (2025)
Maintenance-$913.23/mo
Locker-Owned
Parking-3 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Immediate Preferred
Title-Residential Condo & Other

No agent assigned

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!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$532,000
Land Transfer Taxes$9,775
Legal Fees (Est.)
$
Total cash required for closing$144,275

Total Monthly Obligation

$4,282/mo
Mortgage $2,682
Monthly Loss $3,576
Principal$706
Interest$1,977
Property Tax$486
Condo Fees$913
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.2%8
Cash-on-Cash
-17.1%0
5-Year IRR
2.6%6
10-Year IRR
5.2%
Returns Index
3.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$29,880/yr
NOI
$7,697/yr
Net Cash Flow
-$2,041/mo
Cash Margin
-82.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.242
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
18.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 191 King Street S 511

Time

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Data last updated within the past 24 hours.