55 Blue Springs Dr #706, Waterloo

Name: 55 Blue Springs Drive, Unit 706
SKU: X13883004
Price: 396000 CAD
Availability: InStock

2 Bed, 3 Bath Condo in Waterloo

Unit 706 at 55 Blue Springs Drive

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.)

2 bedrooms, 3 bathrooms, about 1,000 sq ft, works out to roughly $396 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.Ask Zara a follow-up

Inside 55 Blue Springs Dr #706

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1000-1199 sq ftas stated on the listing
Parking: 2 spacesYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 2

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

55 Blue Springs Dr #706 Price & Sale History

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

Oct 8, 2026For saleListedThis listingMLS® X13883004$396,000

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

What's it worth?

How 55 Blue Springs Dr #706 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 709 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: $697,500
Average sold price: $756,364
Average days on market: 32
Homes sold: 454

Closed sales on the TRREB MLS®.

Full Waterloo market report

Market pulse · Waterloo

Waterloo market

Median sold price$697,500Last 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 listings402Homes for sale here right now.
Median vs prior 90 days+0.4%Compared with Apr 13 – Jul 12, 2026: prices up.

Based on 454 sales from Jul 12 – Oct 10, 2026 (278 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 706 — 55 Blue Springs Drive 2 bd · 3 ba · 1,000 sqft	$396,000asking	$396	—	—
249 Grey Silo Road 2 bd · 2 ba · 1,000 sqft
308 Lester Street 1 bd · 1 ba
3 Father David Bauer Drive 1 bd · 2 ba · 1,000 sqft
15 Devitt Avenue 1 bd · 1 ba · 600 sqft
6 Willow Street 2 bd · 1 ba · 1,000 sqft
6 Willow Street 2 bd · 1 ba · 1,400 sqft

249 Grey Silo Road
2 bd · 2 ba · 1,000 sqft
308 Lester Street
1 bd · 1 ba
3 Father David Bauer Drive
1 bd · 2 ba · 1,000 sqft
15 Devitt Avenue
1 bd · 1 ba · 600 sqft
6 Willow Street
2 bd · 1 ba · 1,000 sqft
6 Willow Street
2 bd · 1 ba · 1,400 sqft

More in this building

5 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 #706. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 55 Blue Springs Dr #706

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

Mortgage: $1,945; 20% down · 25 years · 5.5% assumed
Property tax: $218; 0.66% mill rate · ON
Total per month: $2,163; 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.

Mortgage payments

Mortgage financingPowered by

Lock in a low rate before you offer

Compare today's rates across lenders, lock yours in, and get pre-qualified in about 2 minutes.

Lock in my rate

Call now

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

Down payment

Rate (%)

Years

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

Affordability calculator

Estimated monthly payment

$1,945

/mo

based on the purchase price of $396,000

Down payment20%

$79,200 cash

Amortization25 yr

$316,800 financed

Rate5.50%

$266,829 total interest

Principal54%$316,800

Interest46%$266,829

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 #706 with a licensed buyer's agent

Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.

Zara, any time

Zara · AI virtual agent

Ask about 55 Blue Springs Dr #706 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.

Ask Zara about this home

A licensed local agent

Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.

Find an agent (905) 553-8500 (main line)

Questions About 55 Blue Springs Dr #706

How much is 55 Blue Springs Dr #706 listed for?

55 Blue Springs Dr #706 is listed at $396,000 (MLS® X13883004). Summitly updates the price as soon as the MLS® record changes.

Is $396,000 a good price for 55 Blue Springs Dr #706?

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 #706 changed?

No — 55 Blue Springs Dr #706 is still listed at its original asking price of $396,000.

How many bedrooms and bathrooms does 55 Blue Springs Dr #706 have?

55 Blue Springs Dr #706 has 2 bedrooms and 3 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Waterloo.

Is 55 Blue Springs Dr #706 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 #706?

About $1,945 a month — principal and interest on $396,000 with 20% down ($79,200), 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 #706 compare with other homes in Waterloo?

Its asking price of $396,000 is about 43% below the median sold price in Waterloo over the last 90 days, $697,500, across 454 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 #706 been sold before?

Summitly has no earlier MLS® sale or lease of 55 Blue Springs Dr #706 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 55 Blue Springs Dr #706?

55 Blue Springs Dr #706 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 55 Blue Springs Dr #706 been on the market?

2 days — 55 Blue Springs Dr #706 was listed on October 8, 2026.

What is the price per square foot of 55 Blue Springs Dr #706?

About $330 to $396 per square foot: the asking price of $396,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 55 Blue Springs Dr #706 have parking or a garage?

Yes — the listing gives 2 parking spaces. Garage: Yes.

What you should know