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Property Type: Condo / ApartmentOwnership: Condominium
55 BLUE SPRINGS Drive Unit# PH12
Waterloo, ON N2J4T3
MLS® 40869161
$447,900
2 bed2 bath2 parking1,110 sqft
Amenities
Also listed: Guest Suite, Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
RMU-40
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $710/mo
- Annual property tax
- $2,621.04
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Main level | 10'9'' x 13'7'' |
| Living room | Main level | 11'7'' x 15'11'' |
| Kitchen | Main level | 7'6'' x 11'7'' |
| Foyer | Main level | 6'10'' x 7'5'' |
| Dining room | Main level | 13'0'' x 10'10'' |
| Breakfast | Main level | 7'6'' x 6'7'' |
| Bedroom | Main level | 9'11'' x 14'11'' |
| 4pc Bathroom | Main level | 10'10'' x 4'9'' |
| 4pc Bathroom | Main level | 4'11'' x 8'7'' |
Description
2 PARKING SPOTS! Enjoy the scenic views of the beautifully wooded grounds, trails and sparkling lights of the city through the floor to ceiling windows in this captivating 2 bedroom, 2 bath PENTHOUSE condo located in the sought after 'Atriums'. One underground parking space, one exterior space and 1 locker included. It will be a joy to cook in the beautifully upgraded kitchen with white shaker style cabinetry with soft close hinges, pantry with pull-out drawers, stainless steel fridge & stove, granite counters and mosaic backsplash situated next to the bright breakfast nook. You'll appreciate the abundant sunlight offered in the spacious living room and inviting dining room. The convenient in-suite laundry offers more storage. The primary bedroom features 2 closets and a RENOVATED ENSUITE BATHROOM with a glass shower, granite vanity and 2 sinks. The second bedroom is situated at the opposite end right next to the updated second bath offering privacy and comfort. Building features 2 party rooms, roof-top lounge, library, workshop and a guest suite. Desirably located close to greenspace, expressway, shopping and restaurants. PANORAMIC VISTAS! (id:63159)
Listing Information
- MLS®
- 40869161
- 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: 40869161
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
$404/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:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,395) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$358,320.00
Periodic payment — Principal & Interest (monthly)$2,311.76
Additional monthly expenses (condo fees, tax, utilities, etc.)$984.39
Total monthly cost$3,296.15
Interest paid over 5-yr term$102,695.54
Balance at end of term$322,310.00
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$22,395
Stress test qualifying rate8.19%
Payment you must qualify for$3,299.26
Cash Needed at Closing
Minimum down payment$22,395
Estimated Land Transfer Tax (LTT)$5,433
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,328
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.
