Year Built
1980
Low-Rise Condo
Willow Wells I
50 Blue Springs Drive, Waterloo, ON N2J 4M4
Total Units
22
Storeys
6
Available Units in Willow Wells I
0
Units for sale
0
Units for rent
Live MLS · Updated daily
Overview
Located at 50 Blue Springs Drive, Willow Wells I is a 6-storey condo containing 22 units. These Waterloo condos were developed by and completed in 1980. Units start at 1700 square feet and can be as large as 1781 square feet. What makes a Colonial Acres condo for sale most appealing is all that the neighbourhood has to offer.
Year Built
1980
Property Type
Low-Rise Condo
Storeys
6
Total Units
22
Management
Black Property Management
Amenities
Visitor Parking
BBQ Area
Car Wash
Price History
3 recordsLoading history…
Market Stats
—
Avg $/sqft
Steady
YoY change
—
Avg days on market
Location & Walkability
Walk Score
—/100
Daily errands on foot
Transit Score
—/100
TTC, GO, subway access
Bike Score
—/100
Bike lanes & infrastructure
Neighbourhood in Waterloo
Colonial Acres
family-friendly suburban community-oriented
Colonial Acres is a peaceful neighbourhood in Waterloo. It offers a mix of homes and good amenities for families and individuals.
Median home price is $485,700 Two elementary schools available Many parks and playgrounds Diverse community with 25.8% immigrants Close to grocery stores and restaurants
At a glance
Day to dayLivability
7.1
Schools near listings
out of 10 · averaged over 118 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$485,700
16% below Waterloo 32% below Ontario
In Colonial Acres
$485,700
In Waterloo
$575,000
In Ontario
$711,658
Median monthly rent
$2,823/mo
26% above Waterloo 13% above Ontario
In Colonial Acres
$2,823
In Waterloo
$2,245
In Ontario
$2,500
≈ 14.3 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
24
Median $485,700
Condos 15 · Houses 9
For rent
4
Median $2,823
Recently sold
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Recently leased
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Market data as of 2026-10-20. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable housing compared to city median
- Good schools rated 7.1 out of 10
- Family-friendly with parks and playgrounds
- Strong community with low crime rates
- Majority of homes are owned, creating stability
Keep in mind
- Limited public transit options
- Higher rental prices than city average
- Few secondary schools nearby
The feel of the placeLifestyle
Residents enjoy a quiet life with access to parks and local shops. It is suitable for families and those who prefer a suburban feel.
Great for first-time buyers families young professionals
Within the boundaryWhat's nearby
The boundary
5.1 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
14
Parks
11
Playgrounds
1
Transit stations
2
Grocery stores
11
Restaurants
6
Cafés
1
Gyms
2
Pharmacies
Counted across all 5.1 km² of Colonial Acres. From OpenStreetMap, as of 2026-10-19.
The schoolsWhich schools, and how they rate
1
Elementary
KidsAbility School
Public · Grades JK–3 · KidsAbility E A
Not rated
90 students
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Colonial Acres, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
11,474
Population (2021)
7.2 km²
Area
1,593
People per km²
43.2
Median age
$116,951
Median income
69%
Own their home
2.6
People per household
4,505
Households
Every age
- Children (under 15)15.1%
- Working age (15–64)66.6%
- Seniors (65+)18.3%
What is built here
- Detached houses55.3%
- Semi-detached6.5%
- Townhouses9%
- Duplexes1.1%
- Low-rise apartments10.4%
- High-rise apartments17.7%
Own or rent
69%Owners
30%Renters
Across 4,505 households
When it was built
Mostly 1981–1990
- 1960 or earlier3%
- 1961–198020%
- 1981–199033%
- 1991–200023%
- 2001–200511%
- 2006–20103%
- 2011–20151%
- 2016–20213%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 25.8%
- Born outside Canada
- 36.8%
- Hold a degree or higher
- 58%
- Employment rate
- 3.6%
- Commute by transit
- 89%
- Commute by car
- 1.8
- Children per family
- $98,918
- Median income after tax
- $149,020
- Average household income
- 7.6%
- Living on a low income
- $1,575/mo
- Renters pay, per month
- $1,386/mo
- Owners pay, per month
- $785,735
- Median home value at census
- 17.7%
- Renters spending 30%+ of income on housing
- 8.8%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 15 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap
