$394,900
Est. payment $1,749/moCalculate yours
525 New Dundee Road 516, Kitchener, ON N2P 0K8
Kitchener, ON N2P 0K8
- 1 Beds
- 1 Baths
- 600 Sq Ft
Listing courtesy of HOMELIFE/MIRACLE REALTY LTD MLS® X14089720
About this home
Welcome to Unit 516 at 525 New Dundee Road in Kitchener, located in The Flats at Rainbow Lake in desirable Doon South. This bright and modern 1-bedroom, 1-bathroom condo features a functional open-concept layout with combined kitchen, dining, and living areas, modern finishes, stainless steel appliances, and in-suite laundry. Large windows provide plenty of natural light, while the private balcony offers additional outdoor living space.Building amenities include a fitness centre, sauna, library, party room, social lounge, pet wash station, and a beautifully designed outdoor patio with BBQ area. Located near Rainbow Lake, walking trails, parks, and green spaces, with convenient access to Highway 401, Conestoga College, shopping, restaurants, public transit, and everyday amenities. A great opportunity for a first-time buyer, investor, professional, or downsizer looking for modern, low-maintenance living in Kitchener.
Property details
Overview
- Property Type
- Condo Apartment
- Style
- 1 Storey/Apt
- For
- For Sale
- Status
- New
- Approximate Age
- 0-5
- Size
- 600 sqft
Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Concrete
Lot & Parking
- Parking
- None garage · 1 total
Financial
- Property Taxes
- $3,324 (2025)
- Condo Fee
- $316/mo
- Fee Includes
- Common Elements Included
- Pets
- Yes-with Restrictions
Location
- Cross Street
- Homer Watson Blvd
Listing
- MLS® Number
- X14089720
- Days on Market
- 2
- Listed On
- 2026-10-16
- Possession
- Immediate
- Listed By
- HOMELIFE/MIRACLE REALTY LTD
Rooms
Features
Interior
- Other
Property
- Library
- School
- School Bus Route
- Lake/Pond
Amenities
- Elevator
- Exercise Room
- Recreation Room
- Sauna
- Included
- Built-in Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer.
Mortgage calculator
Estimated mortgage payment
$1,749 per month
- Principal and interest
- $1,749
- Property tax
- $277
- Condo fees
- $316
- Estimated monthly cost
- $2,341
Your mortgage
- Mortgage amount
- $315,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $208,640
Cash to close
- Down payment
- $78,980
- Land transfer tax
- $4,399
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $83,379
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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