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Property Type: Condo / ApartmentOwnership: Condominium
525 NEW DUNDEE Road Unit# 222
Kitchener, ON N2P0K8
MLS® 40839312
$489,000
2 bed2 bath1 parking912 sqft
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
COM3 NHC1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $405/mo
- Annual property tax
- $4,097
Maintenance Fee Includes
Also included: Landscaping
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | — |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 10'10'' x 10'8'' |
| Bedroom | Main level | 10'8'' x 9'6'' |
| Kitchen | Main level | 13'10'' x 8'4'' |
| Living room/Dining room | Main level | 12'0'' x 11'9'' |
Description
Welcome to Rainbow Lake Retreat, a peaceful sanctuary! This 2 bedroom, 2 bathroom condo has a perfect combination of style, comfort, and natural beauty. This suite, which is located at 525 New Dundee Road, features 1004 square feet of living space that has been carefully planned to provide an elegant and convenient lifestyle. The living, dining, and kitchen spaces are all open to one another in a seamless concept that creates a large, cozy space that's perfect for relaxing and socializing with guests. The well-equipped kitchen has plenty of cabinet space and contemporary stainless steel appliances to meet and exceed your culinary need. Both bedrooms feature large closets, and the master suite features a 3 piece ensuite. Step outside onto your expansive balcony, offering additional living space for you to personalize and make your own. This outstanding property boasts an array of amenities such as a gym, yoga studio with sauna, library, social lounge, party room, and pet wash station. With it being situated beside the private conservation Rainbow Lake, it gives you easy access to the lake, trails and more. Don't miss the chance to reside in this prime locale, offering serenity, contemporary living, and exciting facilities. Make this exceptional condominium your next residence in Kitchener at Rainbow Lake! (id:63159)
Listing Information
- MLS®
- 40839312
- Data last synced
- October 18, 2026
Corcoran Horizon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Corcoran Horizon Realty
MLS® Number: 40839312
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
$536/sqft
Building average
—
No other active listings in this building
335 - Pioneer Park/Doon/Wyldwoods average
$469/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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
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% ($24,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$391,200.00
Periodic payment — Principal & Interest (monthly)$2,523.89
Additional monthly expenses (condo fees, tax, utilities, etc.)$792.42
Total monthly cost$3,316.31
Interest paid over 5-yr term$112,119.04
Balance at end of term$351,885.67
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,450
Stress test qualifying rate8.19%
Payment you must qualify for$3,602.00
Cash Needed at Closing
Minimum down payment$24,450
Estimated Land Transfer Tax (LTT)$6,255
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,205
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.
