55 Blue Springs Drive 706, Waterloo

$396,000
55 Blue Springs Drive 706

$396,000

New
15d
Condo ApartmentApartment

55 Blue Springs Drive 706, Waterloo

Total Monthly Obligation $2,889

Beds
2
Baths
3
Park
1
Sqft
1000-1199
DOM
15d
Score
20
Yield
7.7%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Condo Apartment
MLS® Number-X13883004
Beds-2
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,351 (2026)
Maintenance-$812.39/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-ROYAL LEPAGE WOLLE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Tar and Gravel
Foundation-Concrete
Possession-Immediate
Title-Residential Condo & Other

No agent assigned

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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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$316,800
Land Transfer Taxes$4,415
Legal Fees (Est.)
$
Total cash required for closing$85,115

Total Monthly Obligation

$2,889/mo
Mortgage $1,597
Monthly Loss $2,469
Principal$420
Interest$1,177
Property Tax$279
Condo Fees$812
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.3%31
10-Year IRR
10.4%
Returns Index
16.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,444/yr
NOI
$11,900/yr
Net Cash Flow
-$606/mo
Cash Margin
-23.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
27.3/ 100

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

Comparables

Properties near 55 Blue Springs Drive 706

Time

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