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Property Type: Condo / ApartmentOwnership: Condominium
55 BLUE SPRINGS Drive Unit# 514
Waterloo, ON N2J4T3
MLS® 40847508
$449,900
2 bed2 bath1 parking1,166 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
- $2,621
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | 8'8'' x 4'11'' |
| Bedroom | Main level | 14'3'' x 10'1'' |
| 4pc Ensuite bath | Main level | 5'1'' x 10'11'' |
| Primary Bedroom | Main level | 13'8'' x 11'0'' |
| Kitchen | Main level | 18'7'' x 7'8'' |
| Living room | Main level | 18'10'' x 13'2'' |
| Dining room | Main level | 8'4'' x 11'10'' |
| Foyer | Main level | 7'7'' x 5'9'' |
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 throughout the main living space (installed by Menno Martin, spring 2025). The spacious living/dining room is great for relaxing or entertaining. The gorgeous kitchen, updated by Cerwood in spring 2025, features quartz counters, under cabinet lighting, a great mix of drawers and cupboards (some with glass fronts), a large pantry and five newer appliances (all 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 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 - just minutes to Conestoga Mall, Uptown Waterloo, transit, and highway 7/8. (id:63159)
Listing Information
- MLS®
- 40847508
- 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: 40847508
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
$386/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$355/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% ($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.)$986.39
Total monthly cost$3,308.47
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.
