Was listed for:Terminated May 16, 2025
$617,000

Unit 407, 525 New Dundee Road

Kitchener, ON N2P 0K8

Condo Apartment TerminatedNot available
Flats at Rainbow Lake exteriorFlats at Rainbow Lake8 storeys, 184 suites, built 2024
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for Unit 407, 525 New Dundee Road, Kitchener

2025-03-18
2025-05-16
Terminated
Price
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MLS#
x12027343

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About Unit 407, 525 New Dundee Road, Kitchener

Discover the perfect blend of luxury and comfort in this stunning 2-bedroom, 2-bathroom condo, located at 407-525 New Dundee Rd. Offering 951 sq ft of meticulously designed living space, this home effortlessly combines modern style with natural beauty. Upon entering, you'll be greeted by an expansive open-concept living and dining area, creating a warm and inviting atmosphere thats perfect for both relaxation and entertaining. The sleek, contemporary kitchen is equipped with high-end stainless steel appliances and generous cabinetry, providing all the storage and space you need for culinary creativity. The condo also features the added convenience of in-suite laundry and a spacious walk-in closet in the primary bedroom, ensuring ample storage. Two beautifully appointed bathrooms complete the living space. Outside the home, this community offers a wide array of amenities designed to elevate your lifestyle, including a fully-equipped gym, a yoga studio with sauna, a library, a social lounge, a party room, and a pet wash station. With direct access to the Rainbow Lake Conservation Area, outdoor enthusiasts can enjoy kayaking, canoeing, swimming, and fishing right outside their door. Don't miss the chance to experience the tranquility and modern living this exceptional condo offers in an unbeatable location. Make this your new home at Rainbow Lake in Kitchener!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,946
Land Transfer Tax Fee
$8,815

Condo/Maintenance Fee

Maintenance Fee
$399 /month

Included In Maintenance Fee

  • Common Elements Included
  • Building Insurance Included

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
Ensuite
Laundry Level
Main Level
Interior Extras
Other
Fireplace/Stove
No
Elevator
Yes

Exterior Features

Balcony
Open

Building Amenities

  • Exercise Room
  • Party Room/Meeting Room
  • Sauna
  • Bike Storage

Building

Building Type
Condo Apartment
Building Style
1 Storey/Apt
Approx Age
0-5
Condo Corp Number
784

Construction

Exposure
West
Exterior Finish
Concrete
Roof
Flat
Foundation Details
Concrete
Special Designation
Unknown

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Type
Common
Parking Spaces
1
Total Garage And Parking Spaces
1

Lockers

Locker Type
None

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
2
Washrooms
2
Kitchens
1

Room sizes

  • Kitchen—
    Main level
  • Living Room—
    Main level
  • Primary Bedroom—
    Main level
  • Bedroom 2—
    Main level

Washrooms

  • 3-piece, Main
  • 4-piece, Main

Municipality
Kitchener
Main cross streets
Robert Ferrie Dr.
Zoning
COM3 NHC1
Directions
Homer Watson Blvd, New Dundee Rd

MLS® number
X12027343
Data source
Toronto Regional Real Estate Board
Status change
2025-05-16
Listed on
2025-03-18
Days on market
59 days
Possession type
Flexible
Co-op commission
3%
Seller
Listed by
CORCORAN HORIZON REALTY

Home Market Value

Current home valuation for Unit 407, 525 New Dundee Road, Kitchener, , . Listed for $617,000

HOMEH Estimate

?

$475,000

Estimated Sales Range

?

$375,250 - $574,750

HOMEH Estimate for Unit 407, 525 New Dundee Road, Kitchener

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$475,000Medium confidence
Based on 5 comparable properties
+ $142,000 (30%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Minimum Down Payment Required:5.9%

5% on first $500K + 10% on $117,000 over $500K

Minimum down payment

$36,700

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$23,199$17,214$14,685$0
=Total mortgage
$603,179$572,514$539,135$493,600
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,945monthly$2,795monthly$2,632monthly$2,410monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$8,815

Total Land Transfer Tax

$8,815

Around this home

0/100Almost All Errands Require a Car
0/100Minimal Transit
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