Loading…
Property Type: Condo / ApartmentOwnership: Condominium
322 - 525 NEW DUNDEE ROAD
Kitchener, ON N2P0K8
MLS® X14103810
12
Walk Score
27
Transit
35
Bike
$439,900
2 bed2 bath1 parking
12
Walk Score
27
Transit
35
Bike
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $422/mo
- Annual property tax
- $2,843.76
Interior
- Basement
- None
- Heating
- Forced air, Electric
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Exterior & Lot
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | — |
| Bedroom | Second level | — |
Description
Welcome to the Flats at Rainbow Lake! Nestled in nature, this brand-new, beautifully built residence offers a variety of amenities, including a yoga studio with sauna, a fitness center, a party room, a social lounge, a library, and a pet wash station. Residents enjoy private access to the Rainbow Lake Conservation Area. The building is ideally situated near local shops, dining, recreational venues, and Highway 401 for added convenience.This 912 sq ft unit includes 2 bedrooms and 2 bathrooms. The spacious primary bedroom features an ensuite with a large walk-in shower, while the second bedroom offers a built-in wardrobe. The open-concept kitchen, dining, and living areas are perfect for entertaining and relaxing, complete with stainless steel Samsung appliances. Step out onto the generous 92 sq ft balcony and enjoy the surrounding peace and serenity. Dont miss the opportunity to make this exceptional building your new home. (id:63161)
Listing Information
- MLS®
- X14103810
- Data last synced
- October 23, 2026
RE/MAX METROPOLIS REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX METROPOLIS REALTY
MLS® Number: X14103810
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$454/sqft
380 active listing(s)
Parking: 1 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($21,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$351,920.00
Periodic payment — Principal & Interest (monthly)$2,270.47
Additional monthly expenses (condo fees, tax, utilities, etc.)$658.98
Total monthly cost$2,929.45
Interest paid over 5-yr term$100,861.28
Balance at end of term$316,553.18
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$21,995
Stress test qualifying rate8.19%
Payment you must qualify for$3,240.33
Cash Needed at Closing
Minimum down payment$21,995
Estimated Land Transfer Tax (LTT)$5,273
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,768
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
