128 King Street N 1205, Waterloo

$349,900
128 King Street N 1205

$349,900

New
4d
Condo Apartment1 Storey/Apt

128 King Street N 1205, Waterloo

Total Monthly Obligation $2,396

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
4d
Score
19
Yield
6.3%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Condo Apartment
MLS® Number-X14094272
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 19, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$4,139.23 (2026)
Maintenance-$439.35/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE WOLLE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete Block
Possession-Immediate
Title-Residential Condo & Other

No agent assigned

SPACIOUS 1 BED + DEN WITH UNDERGROUND PARKING, LOCKER & FULL-LENGTH BALCONY! Welcome to ONE28 Condos, where smart design, modern finishes and an incredibly convenient Waterloo location come together. This bright, thoughtfully laid-out suite offers an impressive openconcept living space with large windows and a full-length private balcony, creating an airy feel from the moment you walk in. The modern kitchen features stainless steel appliances, built-in microwave, dishwasher, ample cabinetry and a generous island, opening seamlessly to the dining and living areas. The separate den is a true bonus, offering plenty of space for a dedicated home office, study or reading area without sacrificing your main living space. The spacious bedroom, contemporary bath and in-suite laundry complete the functional layout, while underground parking and a private storage locker add everyday convenience. Residents of ONE28 Condos enjoy excellent building amenities, including a well-equipped fitness room with weights and space for yoga, a spacious rooftop terrace, community BBQs and outdoor patio areas. And the location is hard to beat: just minutes from Uptown Waterloo, Wilfrid Laurier University, the University of Waterloo and UW Technology Park, with shopping, restaurants, cafés, transit and everyday essentials all close by. A stylish, move-in-ready home with the space to live, work and unwind in one of Waterloo's most convenient locations. Photos are virtually staged. Actual images bottom left corner. Virtually staged shelves (bedroom & den) not included in purchase.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,396/mo
Mortgage $1,411
Monthly Loss $2,024
Principal$371
Interest$1,040
Property Tax$345
Condo Fees$439
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.7%17
10-Year IRR
8.4%
Returns Index
9.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$22,116/yr
NOI
$8,093/yr
Net Cash Flow
-$737/mo
Cash Margin
-40.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
30.6/ 100

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

Comparables

Properties near 128 King Street N 1205

Time

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Data last updated within the past 24 hours.