Listed for:Listed 9 days ago
$396,000

Unit 706, 55 Blue Springs Drive

Waterloo (Colonial Acres), ON N2J 4T3

Condo Apartment For Sale
The Atriums exteriorThe Atriums10 storeys, 130 suites, built 1991
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for Unit 706, 55 Blue Springs Drive, Waterloo, Colonial Acres

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About Unit 706, 55 Blue Springs Drive, Waterloo, Colonial Acres

Summarized Description

  • Stunningly updated two-bedroom, two-bathroom unit.
  • Rare two parking spaces included.
  • Bright, spacious with large windows and forest views.
  • Gorgeous open-concept kitchen with quartz countertops.
  • High-end stainless steel appliances throughout.
  • Modern laminate flooring and LED pot lights.
  • Convenient in-suite laundry and owned storage locker.
  • Close to Conestoga Mall and local universities.

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.)

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,351
Land Transfer Tax Fee
$4,415

Condo/Maintenance Fee

Maintenance Fee
$812 /month

Included In Maintenance Fee

  • Common Elements Included
  • Parking Included
  • Water Included

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
In-Suite Laundry
Interior Extras
Intercom
View
Trees/Woods
Fireplace/Stove
No
Elevator
Yes

Exterior Features

Balcony
None
Exterior Extras
Controlled Entry, Landscaped, Lighting

Building Amenities

  • Elevator
  • Party Room/Meeting Room
  • Visitor Parking
  • Guest Suites
  • Other

Building

Building Type
Condo Apartment
Building Style
Apartment
Building Name
The Atriums
Approx Age
31-50
Condo Corp Number
187

Construction

Exposure
East
Exterior Finish
Brick
Roof
Tar and Gravel
Foundation Details
Concrete
Special Designation
Unknown

Parking & Garages

Garage Type
Underground
Garage Spaces
1
Parking Type
Exclusive
Parking Spaces
1
Total Garage And Parking Spaces
2

Lockers

Locker Type
Exclusive
Locker Number
116

Heating & Cooling

Heat Source
Electric
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
2
Washrooms
3
Kitchens
1

Room sizes

  • Dining Room—
    Main level
  • Primary Bedroom—
    Main level
  • Bedroom—
    Main level
  • Kitchen—
    Main level
  • Bathroom—
    Main level, 4 Pc Ensuite
  • Living Room—
    Main level
  • Bathroom—
    Main level, 4 Pc Bath

Washrooms

  • 4-piece
  • 4-piece

Municipality
Waterloo
Neighbourhood
Colonial Acres
Main cross streets
King Street North and Blue Springs Drive
Zoning
GR
Directions
King St N to Blue Springs Dr, turn right into "The Atriums", visitor parking is above the parking garage (stay right). From the parking lot, take the stairs down to the main front entrance.

MLS® number
X13883004
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-08
Updated on
2026-10-09
Days on market
9 days
Possession type
Immediate
Co-op commission
2% plus HST
Seller
Listed by
ROYAL LEPAGE WOLLE REALTY

Home Market Value

Current home valuation for Unit 706, 55 Blue Springs Drive, Waterloo, Colonial Acres, Waterloo, ON. Listed for $396,000

HOMEH Estimate

?

$418,663

Estimated Sales Range

?

$330,744 - $506,582

HOMEH Estimate for Unit 706, 55 Blue Springs Drive, Waterloo, Colonial Acres

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$418,663Medium confidence
Based on 6 comparable properties
− $22,663 (5%) below our estimate — Good deal!
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Waterloo, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$19,800

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$15,048$11,048$9,425$0
=Total mortgage
$391,248$367,448$346,025$316,800
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$1,910monthly$1,794monthly$1,689monthly$1,547monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$4,415

Total Land Transfer Tax

$4,415

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