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Property Type: Condo / ApartmentOwnership: CondominiumNEW LISTING
525 NEW DUNDEE Road Unit# 208
Kitchener, ON N2P0K8
MLS® 40873832
12
Walk Score
27
Transit
35
Bike
$438,888
1 bed1 bath1 parking864 sqftBuilt 2023
12
Walk Score
27
Transit
35
Bike
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 8
COM3 NHC1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $409/mo
- Annual property tax
- $3,880
Maintenance Fee Includes
Also included: Landscaping, Insurance, Parking
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Main level | 2'7'' x 2'0'' |
| Kitchen | Main level | 12'11'' x 13'5'' |
| Living room | Main level | 13'3'' x 12'5'' |
| Bedroom | Main level | 14'6'' x 17'10'' |
| Laundry room | Main level | 11' x 8'1'' |
| 3pc Bathroom | Main level | 10'3'' x 9' |
Description
1 BEDROOM PLUS DEN AT THE FLATS AT RAINBOW LAKE, JUST STEPS FROM SCENIC TRAILS! Welcome to Unit 208, a bright and spacious condo beside a private conservation area in Kitchener’s Doon South community. Built in 2023, this accessible, carpet-free suite offers 864 sq. ft. of thoughtfully designed living space with nearly 9-foot ceilings, wide-plank flooring and pot lights throughout. The stylish kitchen features two-tone cabinetry and stainless steel appliances, flowing into the living room where sliding glass doors lead to your private west-facing balcony, an ideal spot for morning coffee or evening sunsets. The versatile den works as a home office or extra living space, while the oversized primary bedroom offers a large window and generous closet space. The 3-piece bath features a glass-enclosed walk-in shower, and a standout feature is the separate laundry room with a stacked washer and dryer and an entire wall of built-in storage. Building amenities include a fitness centre, sauna, party room, library and pet wash station. With easy access to shopping, Conestoga College and Highway 401, this location offers the best of both convenience and natural surroundings. An excellent opportunity for first-time buyers, downsizers or investors. Come see what The Flats at Rainbow Lake has to offer! (id:63161)
Listing Information
- MLS®
- 40873832
- Data last synced
- October 28, 2026
Corcoran Horizon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Corcoran Horizon Realty
MLS® Number: 40873832
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$508/sqft
Building average
—
No other active listings in this building
335 - Pioneer Park/Doon/Wyldwoods average
$472/sqft
22 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% ($21,944) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$351,110.00
Periodic payment — Principal & Interest (monthly)$2,265.24
Additional monthly expenses (condo fees, tax, utilities, etc.)$775.06
Total monthly cost$3,040.31
Interest paid over 5-yr term$100,629.14
Balance at end of term$315,824.58
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$21,944
Stress test qualifying rate8.19%
Payment you must qualify for$3,232.87
Cash Needed at Closing
Minimum down payment$21,944
Estimated Land Transfer Tax (LTT)$5,253
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,697
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.
