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Property Type: Condo / ApartmentOwnership: Condominium
55 BLUE SPRINGS Drive Unit# 611
Waterloo, ON N2J4T3
MLS® 40858472
$495,000
2 bed2 bath2 parking1,268 sqft
Amenities
Also listed: Guest Suite
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
RMU-40
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $769/mo
- Annual property tax
- $3,165.29
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 11'0'' x 13'7'' |
| Primary Bedroom | Main level | 11'10'' x 13'8'' |
| 4pc Ensuite bath | Main level | — |
| 4pc Bathroom | Main level | — |
| Dining room | Main level | 9'8'' x 19'7'' |
| Breakfast | Main level | 7'7'' x 7'10'' |
| Kitchen | Main level | 11'3'' x 7'10'' |
| Living room | Main level | 14'3'' x 19'7'' |
Description
2 PARKING SPACES! Enjoy scenic views of the beautifully landscaped grounds, walking trails and the sparkling lights of the city through the floor to ceiling windows in this captivating 2 bedroom, 2 bath 1268 sq ft corner unit condo. You'll appreciate the open and airy layout as you enter the home with a spacious living room and inviting dining room, while the bright kitchen features lots of cupboards and a welcoming breakfast nook. A versatile den or reading area would be the perfect space for a home office, and a convenient in-suite laundry room adds to the ease of everyday living. A storage unit and 1 underground and 1 exterior surface parking spots are included. This well-run building offers wonderful amenities, including a roof top patio with barbeques, 2 party rooms and a workshop. Desirably located close to greenspace, expressway, shopping and restaurants. FRAME THE VIEW! (id:63159)
Listing Information
- MLS®
- 40858472
- Data last synced
- October 14, 2026
RE/MAX SOLID GOLD REALTY (II) LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS® Number: 40858472
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
$390/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$354/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:
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$396,000.00
Periodic payment — Principal & Interest (monthly)$2,554.86
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,096.09
Total monthly cost$3,650.95
Interest paid over 5-yr term$113,494.74
Balance at end of term$356,203.28
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,750
Stress test qualifying rate8.19%
Payment you must qualify for$3,646.20
Cash Needed at Closing
Minimum down payment$24,750
Estimated Land Transfer Tax (LTT)$6,375
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,625
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.
