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Property Type: Condo / ApartmentOwnership: Condominium
525 NEW DUNDEE Road Unit# 509
Kitchener, ON N2P2L1
MLS® 40864888
$551,327
2 bed2 bath1 parking1,112 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
- $423/mo
- Annual property tax
- $4,206
Maintenance Fee Includes
Also included: Landscaping
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | 8'2'' x 14'2'' |
| 3pc Bathroom | Main level | — |
| Primary Bedroom | Main level | 10'6'' x 12'8'' |
| Kitchen | Main level | 10'1'' x 17'5'' |
| Bedroom | Main level | 14'3'' x 9'10'' |
| Living room | Main level | 14'2'' x 11'11'' |
| 4pc Bathroom | Main level | — |
Description
Discover the epitome of refined condominium living at 525 NEW DUNDEE RD 509, KIT ON N2P 2L1. This attractive, single-story property, in great condition, offers a sophisticated lifestyle for those seeking comfort and convenience in KIT. The heart of this home is its open-plan kitchen, seamlessly integrating with the living room. It features sleek flat panel cabinets, elegant stone counters, and a practical peninsula, all complemented by modern stainless steel appliances. This design creates an ideal space for both everyday living and entertaining. Retreat to one of the two comfortable bedrooms, designed to offer personal sanctuaries. The two well-appointed bathrooms provide convenience and style, with one featuring a walk-in shower for a spa-like experience. Beyond the walls of this inviting residence, a vibrant community awaits. Residents can enjoy leisurely strolls through the park, engage in friendly competition in the billiard room, or maintain their wellness goals at the fitness center. This condominium presents an exceptional opportunity to embrace a lifestyle of ease and aspiration. (id:63159)
Listing Information
- MLS®
- 40864888
- Data last synced
- October 18, 2026
Corcoran Horizon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Corcoran Horizon Realty
MLS® Number: 40864888
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
$496/sqft
Building average
—
No other active listings in this building
335 - Pioneer Park/Doon/Wyldwoods average
$473/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: 5.5% ($30,133) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$441,062.00
Periodic payment — Principal & Interest (monthly)$2,845.58
Additional monthly expenses (condo fees, tax, utilities, etc.)$829.50
Total monthly cost$3,675.08
Interest paid over 5-yr term$126,409.64
Balance at end of term$396,736.70
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$30,133
Stress test qualifying rate8.19%
Payment you must qualify for$4,041.21
Cash Needed at Closing
Minimum down payment$30,133
Estimated Land Transfer Tax (LTT)$7,502
Legal / closing costs (typical estimate)$1,500
Total cash needed$39,134
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.
