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$389K · 2 bed Condo Apartment · Unit 402, The Atriums, 55 Blue Springs Drive, Waterloo, Ontario N2J 4T3 | HomeSearchCanada

$389,000

Unit 402

137 DOM

22137d

Map

DOM 137

↓ $36KMotivated SellerPrice Reduced

$389,000

↓ $36KMotivated Seller

DOM137days

Unit 402

The Atriums · 55 Blue Springs Drive · Waterloo · Ontario N2J 4T3

MLS® X13028086 · N2J 4T3

22Vacant1000-1199 ft²Condo Apartment1-car UndergroundNo basement137d$354/ft²$2,507 tax/yrBuilt 198541 yrs oldNo basement

137 days on market

About this home

Spacious 2 bedroom, 2 bathroom unit at The Atriums - condo living at its best! Located on a quiet court surrounded by scenic walking trails and lush green space. Offering over 1,150 sq ft of bright, open living space, with large windows that fill the home with natural light. The functional layout features a galley-style kitchen, separate dining area, and a generous living room ideal for relaxing or entertaining. Enjoy the convenience of in-suite laundry, underground parking, and ample visitor pa…

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Property details

MLS#: X13028086
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 7
Kitchens: 1
Size: 1000-1199Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: 1985

Occupancy: Vacant
Washrooms: 4 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Zoning: GR

Building name: The Atriums
Condo corp #: 187
Balcony: None
Locker: None
Association amenities: Elevator, Party Room/Meeting Room, Visitor Parking
Fees include: Water Included, Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: King St N / Blue Springs Dr
Stories: 4
Utilities: —
Laundry: In-Suite Laundry
Interior: Other, Wheelchair Access
Parking features: —

Additional listing data

ListAOR: One Point Association of REALTORS

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $36KPrice reduction

MLS shows the seller reduced the asking price by $35,900 (from $424,900 to $389,000).

Motivated SellerWhy this label

Vacant property — MLS shows vacant occupancy and the listing has been on market 120+ days.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: Forest Hill Real Estate Inc.

Source: TRREB/PROPTX · MLS® X13028086

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$389K

Unit 402 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $389,000✓ $2,507 tax✓ Electric✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,831/mo

incl. closing costs (yr 1)

Annual total

$45,973

year 1

Mortgage only

$1,476/mo

principal + interest

Beyond mortgage

$1,538/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$77,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$209/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,100 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,890/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$58/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,310

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $17,709/yr

Property taxes15% $6,817/yr

Utilities5% $2,460/yr

Insurance & security3% $1,600/yr

Maintenance8% $3,890/yr

Condo fees18% $8,397/yr

Closing costs11% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$17,709	$1,476/mo
Government & taxes
Property tax	$2,507	$209/mo
Land transfer tax(closing)	$4,310	$359/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,890	$324/mo
Condo fees
Condo / HOA fees	$8,397	$700/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$45,973	$3,831/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 402

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs