Spacious 2 bedroom, 2 bathroom unit at The Atriums - condo living at its best! Located on a quiet court surrounded by scenic walking trails and lush green space. Offering over 1,150 sq ft of bright, open living space, with large windows that fill the home with natural light. The functional layout features a galley-style kitchen, separate dining area, and a generous living room ideal for relaxing or entertaining. Enjoy the convenience of in-suite laundry, underground parking, and ample visitor parking. This well-managed building offers excellent amenities including a party room, library, and rooftop terrace. Ideally located just minutes to Uptown Waterloo, Conestoga Mall, transit, and the expressway, this home offers the perfect blend of peaceful living and everyday convenience.
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $385 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 #402
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 #402 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$1,891
/mo
based on the purchase price of $385,000
$77,000 cash
$308,000 financed
$259,417 total interest
Principal54%$308,000
Interest46%$259,417
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 1–3 bed homes for sale in Waterloo around $385K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings382Homes for sale here right now.
Median vs prior 90 days−1.0%Compared with May 6 – Aug 4, 2026: prices down.
Based on 432 sales from Aug 4 – Nov 2, 2026 (297 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 #402 is listed at $385,000 (MLS® X13794468). Summitly updates the price as soon as the MLS® record changes.
Is $385,000 a good price for 55 Blue Springs Dr #402?
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 #402 changed?
Yes — it was first listed at $299,000 and is now $385,000, an increase of $86,000 (28.8%).
How many bedrooms and bathrooms does 55 Blue Springs Dr #402 have?
55 Blue Springs Dr #402 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 #402 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 #402?
About $1,891 a month — principal and interest on $385,000 with 20% down ($77,000), 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 #402 compare with other homes in Waterloo?
Its asking price of $385,000 is about 45% below the median sold price in Waterloo over the last 90 days, $700,000, across 432 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 #402 been sold before?
Summitly has no earlier MLS® sale or lease of 55 Blue Springs Dr #402 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 55 Blue Springs Dr #402?
55 Blue Springs Dr #402 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Blue Springs Dr #402 been on the market?
47 days — 55 Blue Springs Dr #402 was listed on September 16, 2026.
What is the price per square foot of 55 Blue Springs Dr #402?
About $321 to $385 per square foot: the asking price of $385,000 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 55 Blue Springs Dr #402 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
