- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $608at the range’s middle
- Tax a year
- $3,3242025 tax year
- Built
- 0-5
- Parking
- 1none
- Days on market
- Members
The brief
About 516-525 New Dundee Rd
516-525 New Dundee Rd is a 1-bedroom, 1-bathroom condo in Kitchener, listed for sale at an asking price of $394,900 (MLS® X14089720).
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.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall33/100−$645/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 71 condos with 1 bedroom for lease in Kitchener right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,324 / 2025
- MLS® number
- X14089720
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 600-699 sqft
- Listed on
- Parking
- None, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Municipality
- Kitchener
Building
- Size
- 600-699 sqft
- Building Age
- 0-5
- Construction
- Concrete
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Built-in Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer.
- Condo maint.
- $316
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Br | 3.81 × 3.07 m | — | Main |
| Living | 3.78 × 3.76 m | — | Main |
| Kitchen | 4.09 × 3.48 m | Combined W/Dining | Main |
| Bathroom | 0.0 × 0.0 m | — | Main |
Listing history
Buy/sell history for 516-525 New Dundee Rd, Kitchener, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $394,900 | N/A | For Sale | X14089720 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $78,980
- Total mortgage amount
- $315,920
- Total interest payment
- $224,680
- Total purchase cost
- $619,580
- Mortgage payment
- $1,802/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
49%Monthly carrying cost
$2,395- Rent $1,750
- Shortfall $645
Rental income opens at $1,750, the median asking rent of 71 comparable homes for lease in Kitchener. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $4,399
- Total land transfer tax
- $4,399
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $399
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $394,900
- $2,174
- Ontario total
- $4,399
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- A mapped wetland is within 120 mDevelopment close to a wetland can need extra review.120 m
- No water-supply well recorded within 250 m13 test or monitoring holes also recorded.250 m
- Groundwater recorded about 2.7 m below ground nearbyThe middle water level in the well records within 500 m (72 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity3
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 8.9 km8.9 km
Province of Ontario open data · Municipal development applications
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- 2 licensed pits or quarries within 2 kmThe nearest is 1.4 km away, as mapped.2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Forterra Pipe & Precast Ltd. — Cambridge Plant, 2.6 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet2
- Electricity is distributed here by Enova Power Corp.At the address
- Fibre to the home, Cable, DSL internet listed for this areaFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Vianet, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.At the address
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Grand River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Kitchener. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in Kitchener right now
- For sale now
- 158
- Median asking price
- $350K
- New in 7 days
- 15
- Price cuts
- 20%
Middle half: $300K to $399K
65 in 28 days
31 listings
This home is asking 13% above the median.
See all homes in KitchenerAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Willow River Public SchoolWaterloo Region DSB | Public · grades JK–8 | 500 m | — |
| Groh Public SchoolWaterloo Region DSB | Public · grades JK–8 · French Immersion | 1.5 km | 81%Grade 6 average |
| St Timothy Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 | 2.6 km | 80%Grade 6 average |
| ÉÉC Cardinal-LégerConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 6.4 km | 61%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Huron Heights Secondary SchoolWaterloo Region DSB | Public · grades 9–12 | 4.5 km | 61%Grade 9 math |
| Preston High SchoolWaterloo Region DSB | Public · grades 9–12 | 4.8 km | 67%Grade 9 math |
| ÉSC Père-René-de-GalinéeConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 6.5 km | 70%Grade 9 math |
| St Mary's High SchoolWaterloo CDSB | Catholic · grades 9–12 | 6.5 km | 48%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Kitchener are shown to signed-in members.