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Property Type: Condo / ApartmentOwnership: Condominium
55 BLUE SPRINGS Drive Unit# 706
Waterloo, ON N2J4T3
MLS® 40867246
$396,000
2 bed2 bath2 parking1,119 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
- $812/mo
- Annual property tax
- $3,351
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | 8'3'' x 8'8'' |
| 4pc Ensuite bath | Main level | 4'11'' x 7'6'' |
| 4pc Bathroom | Main level | 5'0'' x 7'10'' |
| Living room | Main level | 12'9'' x 27'1'' |
| Kitchen | Main level | 7'10'' x 18'0'' |
| Bedroom | Main level | 9'7'' x 13'10'' |
| Primary Bedroom | Main level | 11'1'' x 13'10'' |
Description
Unbelievable value at The Atriums—condo living at its finest in a peaceful, tranquil setting surrounded by scenic trails. Perfectly located just minutes from Conestoga Mall, the LRT, local universities, and quick expressway access. This stunningly updated, bright, and spacious two-bedroom, two-full-bathroom unit comes complete with the rare and highly sought-after two parking spaces, in-suite laundry, and an owned storage locker. Large windows throughout flood the home with natural light while offering serene forest views. The heart of the home is a gorgeous open-concept kitchen featuring quartz countertops, a tiled backsplash, a built-in pantry, oversized pot drawers, soft-close cabinetry, and high-end stainless steel appliances. Modern laminate flooring and sleek LED pot lights run throughout the entire unit. The expansive living and dining area comfortably accommodates large furniture for family gatherings. The primary suite features a walk-through double closet leading to a beautifully updated 4-piece ensuite. Building amenities include controlled entry, underground parking, a workshop, library, bicycle storage, a rooftop lounge/sundeck, two party rooms with kitchens and baths, and a dedicated guest suite. Call your agent today to book a private showing! (Note: Some photos are virtually staged.) (id:63161)
Listing Information
- MLS®
- 40867246
- Data last synced
- October 25, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40867246
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
$354/sqft
Building average
—
No other active listings in this building
116 - Glenridge/Lincoln Heights average
$357/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: 5.0% ($19,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$316,800.00
Periodic payment — Principal & Interest (monthly)$2,043.89
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,147.64
Total monthly cost$3,191.53
Interest paid over 5-yr term$90,795.79
Balance at end of term$284,962.62
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,800
Stress test qualifying rate8.19%
Payment you must qualify for$2,916.96
Cash Needed at Closing
Minimum down payment$19,800
Estimated Land Transfer Tax (LTT)$4,415
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,715
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.
