611-55 Blue Springs Dr
Waterloo, Ontario N2J 4T3
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,200–1,399sq ft
- Per sq ft
- $381at the range’s middle
- Tax a year
- $3,1652026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 611-55 Blue Springs Dr
611-55 Blue Springs Dr is a 2-bedroom, 2-bathroom condo in Waterloo, listed for sale at an asking price of $495,000 (MLS® X13722106).
AN OASIS IN THE CITY! Enjoy scenic views of the beautifully landscaped grounds, walking trails and the sparkling lights of the city through the floor to ceiling windows in this captivating 2 bedroom, 2 bath 1268 sq ft corner unit condo. You'll appreciate the open and airy layout as you enter the home with a spacious living room and inviting dining room, while the bright kitchen features lots of cupboards and a welcoming breakfast nook. A versatile den or reading area would be the perfect space for a home office, and a convenient in-suite laundry room adds to the ease of everyday living. A storage unit and one underground parking spot are included. This well-run building offers wonderful amenities, including a roof top patio with barbeques, 2 party rooms and a workshop. Desirably located close to greenspace, expressway, shopping and restaurants. FRAME THE VIEW!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall24/100−$1,192/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 45 condos with 2 bedrooms for lease in Waterloo right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,165 / 2026
- MLS® number
- X13722106
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Municipality
- Waterloo
Building
- Size
- 1200-1399 sqft
- Construction
- Brick Front
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 2 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- Yes
- Den
- No
- Family room
- No
- Condo maint.
- $769
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Bathroom | 2.79 × 1.51 m | 4 Pc Bath | Main |
| Bathroom | 2.45 × 1.51 m | 4 Pc Ensuite | Main |
| Br | 3.35 × 4.14 m | — | Main |
| Breakfast | 2.32 × 2.39 m | — | Main |
| Dining | 2.94 × 5.98 m | — | Main |
| Kitchen | 3.44 × 2.39 m | — | Main |
| Living | 4.34 × 5.98 m | — | Main |
| Primary | 3.6 × 4.17 m | — | Main |
Listing history
Buy/sell history for 611-55 Blue Springs Dr, Waterloo, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $495,000 | N/A | For Sale | X13722106 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $99,000
- Total mortgage amount
- $396,000
- Total interest payment
- $281,700
- Total purchase cost
- $776,700
- Mortgage payment
- $2,259/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
62%Monthly carrying cost
$3,292- Rent $2,100
- Shortfall $1,192
Rental income opens at $2,100, the median asking rent of 45 comparable homes for lease in Waterloo. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,375
- Total land transfer tax
- $6,375
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,375
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $495,000
- $1,900
- Ontario total
- $6,375
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The market
Condos for sale in Waterloo right now
- For sale now
- 140
- Median asking price
- $393K
- New in 7 days
- 8
- Price cuts
- 22%
Middle half: $324K to $473K
41 in 28 days
31 listings
This home is asking 26% above the median, higher than three quarters of them.
See all homes in WaterlooAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Conestoga | GRT light rail: ION light rail | 1.3 km |
| Research and Technology | GRT light rail: ION light rail | 1.9 km |
| Northfield | GRT light rail: ION light rail | 2 km |
| University of Waterloo | GRT light rail: ION light rail | 2.1 km |
| Kitchener GO | GO Transit train: Kitchener | 4.2 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; GRT ION stops map layer from the Region of Waterloo under the Region of Waterloo Open Data Licence, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains information provided by the Regional Municipality of Waterloo under licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Winston Churchill Public SchoolWaterloo Region DSB | Public · grades JK–6 | 950 m | 80%Grade 6 average |
| ÉÉC Mère-Élisabeth-BruyèreConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 1.1 km | 85%Grade 6 average |
| Lincoln Heights Public SchoolWaterloo Region DSB | Public · grades JK–8 | 1.3 km | 66%Grade 6 average |
| St Agnes Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 | 2.2 km | 63%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St David Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 · French Immersion | 600 m | 67%Grade 9 math |
| Waterloo Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 1 km | 57%Grade 9 math |
| Bluevale Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 2.3 km | 75%Grade 9 math |
| Kitchener Waterloo Collegiate and Vocational SchoolWaterloo Region DSB | Public · grades 9–12 · French Immersion | 3.7 km | 73%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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