| Water Included | |
| Common Elements Included | |
| Parking Included |





































514 - 55 Blue Springs Drive
, Waterloo
$449,900
The Atriums in Waterloo - a well-maintained and very clean condo building located at the end of a cul-de-sac and siding onto greenspace, walking trails and ponds. Unit 514 offers a pleasing layout with professionally and recently completed upgrades. The unit is carpet-free throughout with luxury vinyl flooring and new trim in the main living space (installed by Menno Martin, Spring 2025). The spacious living/dining room is a great space for relaxing or entertaining. The gorgeous kitchen was updated by Cerwood (Spring 2025) and features quartz counters, under cabinet lighting, a great mix of drawers and cupboards (some with glass fronts), a large pantry and five appliances (all new in Spring 2025), including an impressive side-by-side fridge/freezer. The living room and kitchen have floor to ceiling windows offering lots of natural light. There are motorized blinds on all the windows. The laundry/storage room has a convenient stackable washer/dryer set (new in May 2025). The primary bedroom offers double closets and a 4-pc ensuite with tub updated by bath-fitter. The second bedroom is on the opposite side of the unit with the second bathroom right beside it (features stylish step-in shower). This unit comes with one parking spot which is conveniently close to the door to the building, and an owned locker. The building offers many useful amenities: party room, library, workshop on the main level; roof-top deck and party room on the penthouse floor. Great location - nestled beside trails, ponds, and greenspace, just minutes to Conestoga Mall, Uptown Waterloo, transit, and highway 7/8.
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| Type | Condo Apartment |
| Style | 1 Storey/Apt |
| Approx. Age | 31-50 |
| Size | 1000-1199 sq. ft. |
| Maintenance Fees | $710 |
| Locker | Owned |
| Balcony | None |
| Exposure | South |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $2,621 |
| mls© Number | X13569636 |
| Listed By | RE/MAX TWIN CITY REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,303
- Property tax
- $218
- Heat allowance
- $150
- Condo fees, half counted
- $355
- Housing costs
- $3,026 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$93,000
gross annual household income
- Payment at 4%
- $1,893 / mo
- Cash down
- $89,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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