DST/WAT — Building file
The Red Condominium — 188 King St S, Waterloo
The Red is a six-storey mid-rise at King and Allen, an early Momentum Developments project on the southern approach to the Uptown Waterloo core. Where most of the surrounding pipeline went vertical, The Red stayed at neighbourhood scale, with a modest unit count that keeps it closer to a boutique building than a tower.
Updated July 2026
Building facts
| Year built | — |
|---|---|
| Floors | 6 |
| Units | — |
| Developer | Momentum Developments |
— = fact pending verification against building records
Amenities
Amenity list pending verification.
Fees include
Fee coverage pending verification against a current status certificate.
The building
The Red is a six-storey mid-rise at King and Allen, an early Momentum Developments project on the southern approach to the Uptown Waterloo core. Where most of the surrounding pipeline went vertical, The Red stayed at neighbourhood scale, with a modest unit count that keeps it closer to a boutique building than a tower. The location does the heavy lifting: Waterloo Town Square, Willis Way, and the King Street restaurant strip are a short walk north, the Bauer District's grocers and restaurants are immediately south, and the ION's uptown stops are within walking distance, linking to the universities one way and downtown Kitchener the other. Suites skew larger than tower norms for their bedroom count, and the low-rise format means short elevator waits and a resident group small enough that neighbours recognize each other. Inventory is thin in a building this size, so listings at The Red tend to move on scarcity. For buyers who want uptown at a walkable, low-density scale, it is one of the few options on King itself.
Fees & price per square foot
Maintenance-fee-per-square-foot trend and average sale price per square foot for The Red Condominium publish here with the monthly data drop — charted, sourced and dated. No estimates.
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One email a month for The Red Condominium owners: what sold and leased in the building, fee movement, and where your unit sits. No listings spam.
Units for sale at The Red Condominium
Active units publish here when the live feed connects. A District agent can send you every active and coming unit in the building today — talk to the WAT desk.
The Red Condominium questions
What are the trade-offs of a small mid-rise versus a tower?
Smaller buildings usually mean fewer shared amenities but also fewer residents per elevator and a quieter common life. Fixed costs are spread across fewer owners, so the corporation's budget discipline matters; the status certificate and reserve fund study show how a small corporation is managing that.
Is The Red close to the ION?
The ION's uptown stops are within walking distance of King and Allen, with service north to the universities and Conestoga Mall and south through downtown Kitchener to Fairway. Most daily needs, including groceries in the Bauer District, are also walkable.
What do condo fees typically cover in a mid-rise like this?
Generally the same categories as any Ontario condo: common-element maintenance, building insurance, management, and reserve fund contributions, with utilities included only if the declaration says so. Because small corporations have fewer units sharing costs, reviewing the actual budget in the status certificate is worthwhile.