Was listed for:Terminated Apr 7, 2026
$579,000

Unit 507, 525 New Dundee Road

Kitchener, ON N2P 2L1

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

Property not available for sale or for rent.

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Sale & Price History for Unit 507, 525 New Dundee Road, Kitchener

2026-03-12
2026-04-07
Terminated
Price
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MLS#
x12876894

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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 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.

$487,366Medium confidence
Based on 5 comparable properties
+ $91,634 (19%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Minimum down payment

$32,900

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Land Transfer Tax

Provincial

$8,055

Total Land Transfer Tax

$8,055

Around this home

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