
Unit 507, 525 New Dundee Road
Kitchener, ON N2P 2L1
Flats at Rainbow Lake8 storeys, 184 suites, built 2024- 2Bedrooms
- 2Bathrooms
- 1Parking
- 900–999Sq Ft
- $4,206Tax
- $438/moCondo Fee
- Estimated Value:$487,366See Free Estimate Report

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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit 507, 525 New Dundee Road, Kitchener
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-03-12 | 2026-04-07 | Login to See Prices | Terminated | x12876894 |
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About Unit 507, 525 New Dundee Road, Kitchener
Summarized Description
- Beautiful 2-bedroom, 2-bathroom suite in Kitchener.
- Private balcony with tranquil pond and forest views.
- Open-concept design with stylish finishes throughout.
- Walk-in closet and ensuite in primary bedroom.
- Move-in ready and impeccably maintained.
- Access to conservation trails and pond.
- Excellent community amenities for residents.
- Spacious living area ideal for entertaining.
Arguably one of the most desirable vantage points at Rainbow Flats, this beautifully styled 2-bedroom, 2-bathroom suite offers peaceful pond and forest views with a spacious balcony that feels like a private extension of the home. Welcome to Suite 507 at 525 New Dundee Road in Kitchener's sought-after Rainbow Flats community. Offering 951 sq. ft. of thoughtfully designed living space, this impeccably maintained condo features a coveted 2-bedroom, 2-bathroom layout with timeless, neutral finishes throughout. The bright open-concept design is both stylish and functional, with clean lines and a magazine-worthy aesthetic. The kitchen features stainless steel appliances, ample cabinetry, and flows seamlessly into the living and dining areas, creating a comfortable setting for both everyday living and entertaining. The spacious private balcony serves as a true extension of the suite, providing a rare vantage point with tranquil views of the pond, surrounding forest, and green space. Positioned on the fifth floor, the suite enjoys an ideal balance of elevation, privacy, and connection to nature. The primary bedroom features a walk-in closet and 3-piece ensuite, while the second bedroom and full bathroom offer flexibility for guests, family, or a home office. Residents enjoy excellent amenities including a fitness centre, yoga studio with sauna, library, social lounge, party room, and pet wash station. With exclusive resident access to the adjacent pond and conservation trails just steps from the building, Rainbow Flats offers a unique cottage life in the city lifestyle while remaining close to everyday conveniences. Beautifully maintained and move-in ready, this is refined, low-maintenance living surrounded by nature.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,206
- Land Transfer Tax Fee
- $8,055
Condo/Maintenance Fee
- Maintenance Fee
- $438 /month
Included In Maintenance Fee
- Common Elements Included
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Ensuite
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- Open
Building Amenities
- Exercise Room
- Party Room/Meeting Room
- Sauna
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Building Name
- The Flats at Rainbow Lake
- Approx Age
- 0-5
- Condo Corp Number
- 784
Construction
- Exposure
- East
- Exterior Finish
- Concrete
- Special Designation
- Unknown
Inclusions
- Inclusions
- Dishwasher, Dryer, Refrigerator, Stove, Washer
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- Owned
- 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
- Bedroom—Main level
- Living Room—Main level
- Kitchen—Main level
- Primary Bedroom—Main level
Washrooms
- 4-piece, Main
- 3-piece, Main
- Municipality
- Kitchener
- Main cross streets
- Robert Ferrie Dr/New Dundee Dr
- Zoning
- COM3 NHC1
- Directions
- Homer Watson Blvd to New Dundee Rd
- MLS® number
- X12876894
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-07
- Listed on
- 2026-03-12
- Days on market
- 26 days
- Possession type
- Flexible
- Co-op commission
- 2% + HST
- Seller
- Listed by
- CORCORAN HORIZON REALTY
Home Market Value
Current home valuation for Unit 507, 525 New Dundee Road, Kitchener, , . Listed for $579,000
HOMEH Estimate
$487,366
Estimated Sales Range
$385,019 - $589,713
HOMEH Estimate for Unit 507, 525 New Dundee Road, Kitchener
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $79,000 over $500K
$32,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $21,840 | $16,154 | $13,780 | $0 |
=Total mortgage | $567,837 | $537,254 | $505,930 | $463,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,772monthly | $2,623monthly | $2,470monthly | $2,262monthly |
Land Transfer Tax
$8,055
$8,055
Around this home
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