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Property Type: Condo / ApartmentOwnership: Condominium
45 BLUE SPRINGS Drive Unit# 32
Waterloo, ON N2J4P1
MLS® 40865472
$559,000
2 bed2.5 bath2 parking1,200 sqftBuilt 1983
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
RMU-40
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $970/mo
- Annual property tax
- $3,609.29
Maintenance Fee Includes
Water
Also included: Landscaping, Insurance, Parking
Interior
- Basement
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 2pc Bathroom | Main level | 6'0'' x 7'6'' |
| Bedroom | Main level | 10'11'' x 14'3'' |
| 3pc Ensuite bath | Main level | 8'8'' x 9'1'' |
| Primary Bedroom | Main level | 13'8'' x 14'4'' |
| Dining room | Main level | 17'8'' x 12'10'' |
| Kitchen | Main level | 16'3'' x 10'5'' |
| Living room | Main level | 11'4'' x 12'1'' |
Description
A rare opportunity to own an exceptional executive residence in one of Waterloo Region's most coveted and sought after condominium communities. Offering this beautifully updated, single-level living space, this elegant bungalow home delivers the space, privacy and quality rarely found in condominium living. Tastefully updated throughout, the residence features two lovely bedrooms, two beautifully finished bathrooms, and an impressive open-concept living experience. The updated kitchen is finished with granite countertops, custom Cherry wood cupboard systems and newer stainless steel appliances. The large oversized island-like counter provides an open view to the Livingroom. The primary bedroom boasts a fully updated en-suite complete with heated flooring. Updated travertine tile and custom flooring throughout the home. An exclusive use attached garage with a convenient man door and a second private entrance directly into the residence is an extraordinary feature seldom found in condo living. The 10' x 20' private storage locker provides an exceptional amount of additional space. This is a complete turnkey move in residence for the savvy buyer seeking modern comfort and effortless one-floor living. A truly special offering in a truly exceptional building like no other in the Region. (id:63159)
Listing Information
- MLS®
- 40865472
- Data last synced
- October 20, 2026
Re/Max Icon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Re/Max Icon Realty
MLS® Number: 40865472
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$466/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$349/sqft
26 active listing(s)
Parking: 2 stall(s) includedStorage locker: Not indicated
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:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.5% ($30,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$447,200.00
Periodic payment — Principal & Interest (monthly)$2,885.18
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,330.89
Total monthly cost$4,216.08
Interest paid over 5-yr term$128,168.81
Balance at end of term$402,257.85
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$30,900
Stress test qualifying rate8.19%
Payment you must qualify for$4,094.75
Cash Needed at Closing
Minimum down payment$30,900
Estimated Land Transfer Tax (LTT)$7,655
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,055
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.
