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Property Type: Condo / ApartmentOwnership: Condominium
514 - 55 BLUE SPRINGS DRIVE
Waterloo, ON N2J4T3
MLS® X13569636
$449,900
2 bed2 bath1 parking
Amenities
Visitor Parking
Also listed: Storage - Locker, Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $710/mo
- Annual property tax
- $2,621 (2026)
Maintenance Fee Includes
Water
Also included: Common Area Maintenance, Parking
Interior
- Basement
- None
- Heating
- Forced air, Electric
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | — |
| Dining room | Main level | — |
| Living room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom | Main level | — |
Description
The Atriums in Waterloo - a well-maintained and very clean condo building located at the end of a cul-de-sac and siding onto greenspace, walking trails and ponds. Unit 514 offers a pleasing layout with professionally and recently completed upgrades. The unit is carpet-free throughout with luxury vinyl flooring and new trim in the main living space (installed by Menno Martin, Spring 2025). The spacious living/dining room is a great space for relaxing or entertaining. The gorgeous kitchen was updated by Cerwood (Spring 2025) and features quartz counters, under cabinet lighting, a great mix of drawers and cupboards (some with glass fronts), a large pantry and five appliances (all new in Spring 2025), including an impressive side-by-side fridge/freezer. The living room and kitchen have floor to ceiling windows offering lots of natural light. There are motorized blinds on all the windows. The laundry/storage room has a convenient stackable washer/dryer set (new in May 2025). The primary bedroom offers double closets and a 4-pc ensuite with tub updated by bath-fitter. The second bedroom is on the opposite side of the unit with the second bathroom right beside it (features stylish step-in shower). This unit comes with one parking spot which is conveniently close to the door to the building, and an owned locker. The building offers many useful amenities: party room, library, workshop on the main level; roof-top deck and party room on the penthouse floor. Great location - nestled beside trails, ponds, and greenspace, just minutes to Conestoga Mall, Uptown Waterloo, transit, and highway 7/8. (id:63159)
Listing Information
- MLS®
- X13569636
- Tax assessment year
- 2026
- Data last synced
- September 15, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: X13569636
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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (condo fees, tax, utilities, etc.)$928.39
Total monthly cost$3,250.47
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$22,495
Stress test qualifying rate8.19%
Payment you must qualify for$3,313.99
Cash Needed at Closing
Minimum down payment$22,495
Estimated Land Transfer Tax (LTT)$5,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,468
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.
