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Property Type: Condo / ApartmentOwnership: Condominium
302 - 55 BLUE SPRINGS DRIVE
Waterloo, ON N2J4T3
MLS® X13259750
$420,000
2 bed2 bath1 parking
Amenities
Also listed: Storage - Locker
Property Details
Property & Lot
- Sub-type
- Apartment
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $710/mo
- Annual property tax
- $2,507 (2026)
Maintenance Fee Includes
Water
Also included: Common Area Maintenance
Interior
- Basement
- None
- Heating
- Forced air, Electric
- Cooling / A/C
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | — |
| Living room | Main level | — |
| Dining room | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bathroom | Main level | — |
| Bathroom | Main level | — |
Description
Welcome to "The Atriums" - condo living at its best! Tucked away at the end of a quiet cul-de-sac and surrounded by scenic walking trails, ponds, and lush green space, this location offers a peaceful and serene lifestyle. This exceptionally spacious 1,156 sq. ft. unit is highly recommended for seniors and downsizers seeking comfort and convenience on a single level. Featuring 2 generously sized bedrooms and 2 full 4-piece bathrooms, the functional layout provides a large living room designed for relaxation and ease of movement. Large windows throughout the home allow for incredible natural light to fill the space. The building and unit offer excellent wheelchair accessibility, featuring a secure elevator, wide common areas, step-free access from the secure underground parking space to the unit, and an owned storage locker for easy utility. This well-managed building provides a fantastic array of amenities tailored for a vibrant community lifestyle, including a cozy library, a giant party room with a kitchen, a games room, a guest suite for overnight visitors, a rooftop terrace with amazing views, and plenty of visitor parking. For ultimate convenience, the unit includes in-suite laundry and central air conditioning. Ideally situated in a prime urban location within walking distance to groceries, shops, and restaurants, and just minutes to Uptown Waterloo and Conestoga Mall. This address also offers unbeatable access to the expressway, transit, local schools, and major universities. Flexible possession is available! (id:63159)
Listing Information
- MLS®
- X13259750
- Tax assessment year
- 2026
- Data last synced
- September 15, 2026
RIGHT AT HOME REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RIGHT AT HOME REALTY
MLS® Number: X13259750
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Waterloo average
$476/sqft
185 active listing(s)
Parking: 1 stall(s) includedStorage locker: Included
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Density:
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($21,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$336,000.00
Periodic payment — Principal & Interest (monthly)$2,167.76
Additional monthly expenses (condo fees, tax, utilities, etc.)$918.89
Total monthly cost$3,086.64
Interest paid over 5-yr term$96,298.57
Balance at end of term$302,233.09
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$21,000
Stress test qualifying rate8.19%
Payment you must qualify for$3,093.74
Cash Needed at Closing
Minimum down payment$21,000
Estimated Land Transfer Tax (LTT)$4,875
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,375
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
