55 Blue Springs Drive PH12, Waterloo

$447,900
55 Blue Springs Drive PH12

$447,900

New
17d
Condo Apartment1 Storey/Apt

55 Blue Springs Drive PH12, Waterloo

Total Monthly Obligation $2,935

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
17d
Score
24
Yield
8.0%
Cash on Cash
2.5%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Condo Apartment
MLS® Number-X13868182
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,621.04 (2026)
Maintenance-$709.97/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX Solid Gold Realty (II) Ltd
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick Front, Brick Veneer
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

ON TOP OF THE WORLD! Enjoy the scenic views of the beautifully wooded grounds, trails and sparkling lights of the city through the floor to ceiling windows in this captivating 2 bedroom, 2 bath PENTHOUSE condo located in the sought after 'Atriums'. One underground parking space and 1 locker included. AN ADDITIONAL PARKING SPACE CAN BE ACQUIRED FROM SELLER! It will be a joy to cook in the beautifully upgraded kitchen with white shaker style cabinetry with soft close hinges, pantry with pull-out drawers, stainless steel fridge & stove, granite counters and mosaic backsplash situated next to the bright breakfast nook. You'll appreciate the abundant sunlight offered in the spacious living room and inviting dining room. The convenient in-suite laundry offers more storage. The primary bedroom features 2 closets and a RENOVATED ENSUITE BATHROOM with a glass shower, granite vanity and 2 sinks. The second bedroom is situated at the opposite end right next to the updated second bath offering privacy and comfort. Building features 2 party rooms, roof-top lounge, library, workshop and a guest suite. Desirably located close to greenspace, expressway, shopping and restaurants. PANORAMIC VISTAS!

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$
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%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$358,320
Land Transfer Taxes$5,433
Legal Fees (Est.)
$
Total cash required for closing$96,513

Total Monthly Obligation

$2,935/mo
Mortgage $1,807
Monthly Loss $2,460
Principal$475
Interest$1,331
Property Tax$218
Condo Fees$710
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%28
Cash-on-Cash
-3.2%4
5-Year IRR
13.4%60
10-Year IRR
13.5%
Returns Index
31.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$35,712/yr
NOI
$18,600/yr
Net Cash Flow
-$257/mo
Cash Margin
-8.6%1
Cash Flow Index
0.9/ 100
Risk Profile
Weight: 20%
DSCR
0.8617
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
30.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 55 Blue Springs Drive PH12

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.