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Property Type: Condo / ApartmentOwnership: Condominium
525 NEW DUNDEE Road Unit# 525
Kitchener, ON N2P0K8
MLS® 40839208
$551,000
2 bed2 bath1 parking1,065 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
- $474/mo
- Annual property tax
- $4,504
Maintenance Fee Includes
Also included: Landscaping
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Ensuite bath | Main level | — |
| Bedroom | Main level | 15'6'' x 11'7'' |
| Primary Bedroom | Main level | 13'1'' x 11'5'' |
| Living room | Main level | 14'2'' x 12'0'' |
| Kitchen | Main level | 12'9'' x 16'8'' |
| 4pc Bathroom | Main level | — |
Description
Welcome to Rainbow Lake! This inviting 2-bedroom, 2-bathroom condo at 525 New Dundee Road offers a comfortable blend of modern living and natural surroundings. With over 1,000 sq ft of space, the open-concept layout flows easily from the kitchen to the dining and living areas, making it a great place to relax or spend time with friends. The kitchen has plenty of cabinet space and modern stainless steel appliances, and both bedrooms are generously sized with large closets for extra storage. Your private balcony is perfect for morning coffee, a quiet evening break, or simply taking in some fresh air. The building also has a great mix of amenities to fit your daily routine - get a workout in at the gym, unwind in the sauna, or host gatherings in the party room or social lounge. If you love the outdoors, you're steps from the walking trails around Rainbow Lake, where you can enjoy peaceful views, nature walks, and time outside whenever you need it. And for commuters, the quick access to Highway 401 makes getting around the region simple and stress-free. This condo offers comfort, convenience, and a beautiful natural setting all in one place! (id:63159)
Listing Information
- MLS®
- 40839208
- Data last synced
- October 18, 2026
Corcoran Horizon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Corcoran Horizon Realty
MLS® Number: 40839208
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
$517/sqft
Building average
—
No other active listings in this building
335 - Pioneer Park/Doon/Wyldwoods average
$471/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: 5.5% ($30,100) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$440,800.00
Periodic payment — Principal & Interest (monthly)$2,843.89
Additional monthly expenses (condo fees, tax, utilities, etc.)$902.33
Total monthly cost$3,746.23
Interest paid over 5-yr term$126,334.55
Balance at end of term$396,501.03
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$30,100
Stress test qualifying rate8.19%
Payment you must qualify for$4,038.92
Cash Needed at Closing
Minimum down payment$30,100
Estimated Land Transfer Tax (LTT)$7,495
Legal / closing costs (typical estimate)$1,500
Total cash needed$39,095
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.
