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Listed 7 days ago

706 - 55 Blue Springs Drive

, Waterloo

$396,000

Condo Apartment |
2 | 3 | 2 | 1
About this home

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.)

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size1000-1199 sq. ft.
Maintenance Fees$812
LockerExclusive
BalconyNone
ExposureEast
Parking TypeUnderground
Parking Spaces2
Parking FeaturesCovered, Underground
Property Tax$3,351
mls© NumberX13883004
Listed ByROYAL LEPAGE WOLLE REALTY
Common Elements Included
Parking Included
Water Included

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%
$2,027
Property tax
$279
Heat allowance
$150
Condo fees, half counted
$406
Housing costs
$2,862 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,200
25-yr amortization

Income needed

$88,000

gross annual household income

Payment at 4%
$1,666 / mo
Cash down
$79,200

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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