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Property Type: Condo / ApartmentOwnership: Condominium
525 NEW DUNDEE Road Unit# 409
Kitchener, ON N2P2L1
MLS® 40859693
$529,900
2 bed2 bath1 parking951 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
- $427/mo
- Annual property tax
- $4,206
Maintenance Fee Includes
Also included: Landscaping
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Ensuite bath | Main level | — |
| 4pc Bathroom | Main level | — |
| Primary Bedroom | Main level | 10'6'' x 12'8'' |
| Kitchen | Main level | 10'6'' x 15'7'' |
| Living room/Dining room | Main level | 14'10'' x 11'10'' |
| Bedroom | Main level | 12'2'' x 9'10'' |
Description
Modern, stylish, and effortlessly inviting, this exceptional 2-bedroom, 2-bathroom condo at Rainbow Lake offers a lifestyle designed around comfort and convenience. Step inside to a bright, open-concept corner unit interior where contemporary finishes and thoughtful design create a welcoming space for both everyday living and entertaining. At the heart of the home, the sleek two-tone kitchen makes a statement with crisp white backsplash, stainless steel appliances, generous cabinetry, and plenty of workspace. Open to the living and dining areas, it creates the perfect setting for everything from relaxed mornings to evenings with friends. The spacious primary bedroom offers a peaceful retreat, complete with a beautifully finished ensuite featuring a modern glass-enclosed shower. The versatile second bedroom provides the flexibility to accommodate guests, a home office, or whatever suits your lifestyle. A bright, contemporary 4-piece main bathroom completes the living space. Built with today’s lifestyle in mind, this impressive building offers an array of premium amenities, including a yoga studio with sauna, fitness room, party room, social lounge, and library providing plenty of opportunities to relax, connect, and stay active without leaving home. (id:63159)
Listing Information
- MLS®
- 40859693
- Data last synced
- September 15, 2026
RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
MLS® Number: 40859693
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
$557/sqft
Building average
—
No other active listings in this building
335 - Pioneer Park/Doon/Wyldwoods average
$468/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: 5.3% ($27,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$423,920.00
Periodic payment — Principal & Interest (monthly)$2,734.99
Additional monthly expenses (condo fees, tax, utilities, etc.)$825.70
Total monthly cost$3,560.69
Interest paid over 5-yr term$121,496.69
Balance at end of term$381,317.41
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$27,990
Stress test qualifying rate8.19%
Payment you must qualify for$3,891.68
Cash Needed at Closing
Minimum down payment$27,990
Estimated Land Transfer Tax (LTT)$7,073
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,563
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.
