Year Built
1991
Mid-Rise Condo
The Atriums
55 Blue Springs Drive, Waterloo, ON N2J 4T3
Total Units
130
Avg $/sqft
$411
Storeys
10
Available Units in The Atriums
6
Units for sale
From $385,000
For SaleRooftop Terrace
Listed for:
Listed 29 days ago
$385,000
Unit 402, 55 Blue Springs Drive
Waterloo (Colonial Acres), ON N2J 4T3
2Bedrooms
2Bathrooms
1Parking
1K-1.2KSq Ft
Condo ApartmentFor Sale
For Sale
Listed for:
Listed 7 days ago
$396,000
Unit 706, 55 Blue Springs Drive
Waterloo (Colonial Acres), ON N2J 4T3
2Bedrooms
3Bathrooms
2Parking
1K-1.2KSq Ft
Condo ApartmentFor Sale
0
Units for rent
Live MLS · Updated daily
Overview
The Atriums was completed in 1991 by. While some buyers associate high maintenance fees with older buildings, maintenance fees at 55 Blue Springs Drive are only $0.55 per-square-foot. These Colonial Acres condos for sale offer floor plans that are more spacious than most modern condos; there are 130 suites in this 10-storey residence, and units range from 1032 square feet to 1299 square feet.
Maintenance fees are $0.55 per-square-foot, which is lower than the neighbourhood average of $0.76 per-square-foot.
Year Built
1991
Property Type
Mid-Rise Condo
Storeys
10
Total Units
130
Management
C.I.E Property Management And Consulting Inc.
Amenities
Underground Parking
Guest Suites
Rooftop Garden
Visitor Parking
Party Room
Bike Storage
Price History
16 recordsLoading history…
Market Stats
Prices in The Atriums are down 14.0% compared to last year.
$411
Avg $/sqft
-14.0%
YoY change
71
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 community-oriented suburban
Colonial Acres is a residential neighbourhood in Waterloo. It offers a mix of housing options and community amenities.
Median home price is $492,500 Average rent is $2,873 Good schools with an average rating of 7.1 Diverse community with 25.8% immigrants
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
$492,500
15% below Waterloo 31% below Ontario
In Colonial Acres
$492,500
In Waterloo
$579,900
In Ontario
$718,000
Median monthly rent
$2,873/mo
31% above Waterloo 15% above Ontario
In Colonial Acres
$2,873
In Waterloo
$2,200
In Ontario
$2,500
≈ 14.3 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
28
Median $492,500
Condos 18 · Houses 10
For rent
4
Median $2,873
Recently sold
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Recently leased
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Market data as of 2026-10-12. 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 compared to city median prices
- Family-friendly with many parks and playgrounds
- Strong community with diverse demographics
- Good access to schools and amenities
Keep in mind
- Limited public transit options
- Higher average rent compared to city median
The feel of the placeLifestyle
Daily life in Colonial Acres is relaxed and community-oriented, with access to parks and local shops. Residents enjoy a suburban feel with family-friendly activities.
Great for families first-time buyers those seeking a quiet lifestyle
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 2026-10-12.
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
