Homula Realty Brokerage
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55 Blue Springs Drive 611, Waterloo, ON N2J 4T3

2 beds · 2 baths · 1 kitchen · 9 rooms · 1 parking space · 1200-1399 sq ft · Locker · Laundry in unit · Condo Apartment
$495,000

Utilities includedWater

Also includedCommon Elements

Maintenance fee
$769 / month
Property tax
$3,165 / year
Included in the fee
Water, Common Elements

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!

MLS number
X13722106
Type
Condo Apartment
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
N2J 4T3
Photos
40
Locker
Yes — Exclusive
Laundry
In the unit — In-Suite Laundry
Included in the fee
Water, Common Elements
17days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Tayba Elementary SchoolElementary503 mNot reported
St David Catholic Secondary School
Waterloo CDSB
Secondary580 m8.2 / 10
82% met the standard · 2 of 6 measures
Waterloo High SchoolSecondary1.1 kmNot reported
Waterloo Collegiate Institute
Waterloo Region DSB
Secondary1.0 km7.1 / 10
71% met the standard · 2 of 6 measures
Winston Churchill Public School
Waterloo Region DSB
Elementary912 m7.8 / 10
78% met the standard
KidsAbility School
KidsAbility E A
Elementary1.3 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Condo Apartments in Waterloo406 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$379k$438k$497k20252026this home’s asking price
$382klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d25d51d20252026
43dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in waterloo. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,607 people.

$93,000Median household income
84.3%Own their home
40%Detached houses
49.2Median age
36.2%Born outside Canada
38%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35300087 — the few blocks around this address, home to 1,607 people. It describes the area, not this property.

1,607Population
46.8Average age
2.4Household size
$105,600Average household income
$93,000Median household income
84%Own their home
16%Rent
50%Condominiums
36%Born outside Canada
38%University degree
$576,000Average home value
9%Low income
79%Not in the labour force
24%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9994%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over31%
$100,000 to $124,9998%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over7%

Percentages are of the 980 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$99,000 · minimum here is $24,750
$2,191.75per month
Borrowed before insurance$396,000
Total borrowed$396,000
Interest over 25 years at 4.5%$261,526

If you rented it out

-$3,224.50per month out of pocket
Rent$0.00
Everything it costs to hold$3,224.50
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX Solid Gold Realty (II) Ltd. Listing data provided by the Toronto Regional Real Estate Board.