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 in the main living space (installed by Menno Martin, Spring 2025). The spacious living/dining room is a great space for relaxing or entertaining. The gorgeous kitchen was updated by Cerwood (Spring 2025) and features quartz counters, under cabinet lighting, a great mix of drawers and cupboards (some with glass fronts), a large pantry and five appliances (all new in 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 stackable 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 - nestled beside trails, ponds, and greenspace, just minutes to Conestoga Mall, Uptown Waterloo, transit, and highway 7/8.
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $450 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 #514
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
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
1 Storey/Apt
Property class
Condo Apartment
55 Blue Springs Dr #514 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13569636$449,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 55 Blue Springs Dr #514 Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,210
/mo
based on the purchase price of $449,900
$89,980 cash
$359,920 financed
$303,147 total interest
Principal54%$359,920
Interest46%$303,147
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Waterloo
Other 1–5 bed homes for sale in Waterloo around $450K.
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 listings372Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with May 12 – Aug 10, 2026: prices down.
Based on 417 sales from Aug 10 – Nov 8, 2026 (306 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
5 for sale at 55 Blue Springs Dr — plus its sale and lease history.
55 Blue Springs Dr #514 is listed at $449,900 (MLS® X13569636). Summitly updates the price as soon as the MLS® record changes.
Is $449,900 a good price for 55 Blue Springs Dr #514?
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 #514 changed?
No — 55 Blue Springs Dr #514 is still listed at its original asking price of $449,900.
How many bedrooms and bathrooms does 55 Blue Springs Dr #514 have?
55 Blue Springs Dr #514 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 #514 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 #514?
About $2,210 a month — principal and interest on $449,900 with 20% down ($89,980), 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 #514 compare with other homes in Waterloo?
Its asking price of $449,900 is about 36% below the median sold price in Waterloo over the last 90 days, $704,914, across 417 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 #514 been sold before?
Summitly has no earlier MLS® sale or lease of 55 Blue Springs Dr #514 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 55 Blue Springs Dr #514?
55 Blue Springs Dr #514 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Blue Springs Dr #514 been on the market?
118 days — 55 Blue Springs Dr #514 was listed on July 13, 2026.
What is the price per square foot of 55 Blue Springs Dr #514?
About $375 to $450 per square foot: the asking price of $449,900 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 55 Blue Springs Dr #514 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
