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Property Type: Condo / ApartmentOwnership: Condominium
55 BLUE SPRINGS Drive Unit# 302
Waterloo, ON N2J4T3
MLS® 40837051
$420,000
2 bed2 bath1 parking1,156 sqftBuilt 1991
Amenities
Also listed: Guest Suite, Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $710/mo
- Annual property tax
- $2,507
Maintenance Fee Includes
WaterManagement
Also included: Common Area Maintenance, Landscaping, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | — |
| 4pc Bathroom | Main level | 6'0'' x 7'10'' |
| 4pc Ensuite bath | Main level | 6'0'' x 7'10'' |
| Bedroom | Main level | 9'7'' x 13'11'' |
| Primary Bedroom | Main level | 11'2'' x 14'3'' |
| Dining room | Main level | 11'0'' x 12'5'' |
| Living room | Main level | 12'8'' x 17'11'' |
| Kitchen | Main level | 7'1'' x 18'2'' |
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:63161)
Listing Information
- MLS®
- 40837051
- Data last synced
- October 22, 2026
Right At Home Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Right At Home Realty
MLS® Number: 40837051
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
$363/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$356/sqft
26 active listing(s)
Parking: 1 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: 5.0% ($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.)$976.89
Total monthly cost$3,144.64
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.
