55 Blue Springs Dr #302, Waterloo

Name: 55 Blue Springs Drive, Unit 302
SKU: X13259750
Price: 420000 CAD
Availability: InStock

2 Bed, 2 Bath Condo in Waterloo

Unit 302 at 55 Blue Springs Drive

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!

2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $420 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 55 Blue Springs Dr #302

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1000-1199 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

55 Blue Springs Dr #302 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—IncreasedPrice increasedThis listingMLS® X13259750+$70,100 (20.0%)$420,000
Jun 5, 2026For saleListedThis listingMLS® X13259750$349,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 55 Blue Springs Dr #302 Compares to the Waterloo Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 704 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Waterloo market, last 90 days

Median sold price: $700,000
Average sold price: $758,918
Average days on market: 32
Homes sold: 405

Closed sales on the TRREB MLS®.

Full Waterloo market report

Market pulse · Waterloo

Waterloo market

Median sold price$700,000Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.1%On average, homes sold at or above asking.
Active listings421Homes for sale here right now.
Median vs prior 90 days−2.8%Compared with May 16 – Aug 14, 2026: prices down.

Based on 405 sales from Aug 14 – Nov 12, 2026 (314 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Waterloo

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 302 — 55 Blue Springs Drive 2 bd · 2 ba · 1,000 sqft	$420,000asking	$420	—	—
375 King Street 2 bd · 1 ba · 1,000 sqft
249 Grey Silo Road 2 bd · 2 ba · 1,000 sqft
280 Lester Street 2 bd · 2 ba · 800 sqft
181 King Street 1 bd · 1 ba · 600 sqft
191 King Street 2 bd · 2 ba · 900 sqft
191 King Street 1 bd · 1 ba · 700 sqft

375 King Street
2 bd · 1 ba · 1,000 sqft
249 Grey Silo Road
2 bd · 2 ba · 1,000 sqft
280 Lester Street
2 bd · 2 ba · 800 sqft
181 King Street
1 bd · 1 ba · 600 sqft
191 King Street
2 bd · 2 ba · 900 sqft
191 King Street
1 bd · 1 ba · 700 sqft

More in this building

6 for sale at 55 Blue Springs Dr — plus its sale and lease history.

See all of 55 Blue Springs Dr

Living in Waterloo: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Conestoga StationION1.3 km17 min walk
Research and Technology StationION1.9 km24 min walk
Northfield StationION2.0 km25 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Conestoga Station (ION)17 min walk
Research and Technology Station (ION)24 min walk
Northfield Station (ION)25 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Conestoga Station
1.3 km17 minClosest· ION
Homes near Conestoga Station
Research and Technology Station
1.9 km24 min· ION
Homes near Research and Technology Station
Northfield Station
2.0 km25 min· ION
Homes near Northfield Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 55 Blue Springs Dr #302. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 55 Blue Springs Dr #302

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,063; 20% down · 25 years · 5.5% assumed
Property tax: $231; 0.66% mill rate · ON
Total per month: $2,294; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,063

/mo

based on the purchase price of $420,000

Down payment20%

$84,000 cash

Amortization25 yr

$336,000 financed

Rate5.50%

$283,000 total interest

Principal54%$336,000

Interest46%$283,000

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 55 Blue Springs Dr #302 with a licensed buyer's agent

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Questions About 55 Blue Springs Dr #302

How much is 55 Blue Springs Dr #302 listed for?

55 Blue Springs Dr #302 is listed at $420,000 (MLS® X13259750). Summitly updates the price as soon as the MLS® record changes.

Is $420,000 a good price for 55 Blue Springs Dr #302?

Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Waterloo. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 55 Blue Springs Dr #302 changed?

Yes — it was first listed at $349,900 and is now $420,000, an increase of $70,100 (20.0%).

How many bedrooms and bathrooms does 55 Blue Springs Dr #302 have?

55 Blue Springs Dr #302 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Waterloo.

Is 55 Blue Springs Dr #302 close to transit?

The nearest rapid-transit station is Conestoga Station (ION), about 1.3 km (about a 17-minute walk) in a straight line. Research and Technology Station is about 1.9 km (about a 24-minute walk), and Northfield Station is about 2.0 km (about a 25-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 55 Blue Springs Dr #302?

About $2,063 a month — principal and interest on $420,000 with 20% down ($84,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 55 Blue Springs Dr #302 compare with other homes in Waterloo?

Its asking price of $420,000 is about 40% below the median sold price in Waterloo over the last 90 days, $700,000, across 405 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 55 Blue Springs Dr #302 been sold before?

Summitly has no earlier MLS® sale or lease of 55 Blue Springs Dr #302 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 55 Blue Springs Dr #302?

55 Blue Springs Dr #302 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 55 Blue Springs Dr #302 been on the market?

160 days — 55 Blue Springs Dr #302 was listed on June 5, 2026.

What is the price per square foot of 55 Blue Springs Dr #302?

About $350 to $420 per square foot: the asking price of $420,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 55 Blue Springs Dr #302 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know