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Property Type: Condo / ApartmentOwnership: Condominium
52 BLUE SPRINGS Drive Unit# 32
Waterloo, ON N2J4M4
MLS® 40852641
$650,000
2 bed2 bath2 parking1,767 sqftBuilt 1980
Amenities
Also listed: Car Wash
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $1,100/mo
- Annual property tax
- $3,863
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Main level | 5'10'' x 8'9'' |
| 4pc Bathroom | Main level | 9'' x 4'11'' |
| 3pc Ensuite bath | Main level | 14'2'' x 9'4'' |
| Bedroom | Main level | 9'10'' x 16'4'' |
| Primary Bedroom | Main level | 19'7'' x 20'3'' |
| Breakfast | Main level | 8'5'' x 9'9'' |
| Living room | Main level | 19'0'' x 22'0'' |
| Dining room | Main level | 17'5'' x 12'6'' |
| Kitchen | Main level | 11'2'' x 16'4'' |
Description
A RARE opportunity to own a spacious corner unit with peaceful views! Offering 1,767 sq. ft. of living space with 2 bedrooms, 2 full bathrooms and in-suite laundry, this bright and inviting condo offers an exceptional combination of space, privacy, and tranquility. Surrounded by mature greenery, large windows capture an abundance of natural light and showcase beautiful lake and greenspace views throughout. The spacious dining room flows into the sun-filled living room, featuring a charming electric fireplace — a lovely place to relax and enjoy the scenery. The covered balcony is the perfect spot for morning coffee, peaceful greenspace views, and listening to the birds sing. The generous eat-in kitchen offers abundant cabinetry, plenty of workspace, and a large island with a clever hidden pull-out trolley, perfect for entertaining or everyday convenience. The thoughtfully designed layout includes a main-floor laundry room and full 4-piece bathroom. The oversized primary bedroom offers plenty of space to unwind, a walk-in closet, and a 3-piece ensuite with a large walk-in shower. The spacious second bedroom is wonderfully versatile as a guest room, home office, or den, and features a lovely Murphy bed that makes hosting overnight guests a breeze. It also enjoys peaceful greenspace views. Complete with 2 underground parking spaces and a storage locker, this is carefree condo living at its best. Enjoy nearby walking trails while being conveniently close to Conestoga Mall, LRT, highways, shopping, transit, and all amenities. (id:63159)
Listing Information
- MLS®
- 40852641
- Data last synced
- September 30, 2026
RE/MAX Twin City Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Twin City Realty Inc.
MLS® Number: 40852641
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
$368/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$356/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: 6.2% ($40,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$520,000.00
Periodic payment — Principal & Interest (monthly)$3,354.86
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,509.92
Total monthly cost$4,864.78
Interest paid over 5-yr term$149,033.49
Balance at end of term$467,741.68
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$40,000
Stress test qualifying rate8.19%
Payment you must qualify for$4,729.78
Cash Needed at Closing
Minimum down payment$40,000
Estimated Land Transfer Tax (LTT)$9,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,975
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.
