525 New Dundee Rd #516, Kitchener

Name: 525 New Dundee Road, Unit 516
SKU: X14089720
Price: 394900 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Kitchener

Unit 516 at 525 New Dundee Road

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.

1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $658 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 525 New Dundee Rd #516

Every detail from the listing, in one place.

Type: Condo
Style: 1 Storey/Apt
Living space: 600-699 sq ftas stated on the listing
Parking: 1 space
Basement: None

Features & systems

Parking & garage

Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 1 Storey/Apt
Property class: Condo Apartment

525 New Dundee Rd #516 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 16, 2026For saleListedThis listingMLS® X14089720$394,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 525 New Dundee Rd #516 Compares to the Kitchener Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 1,321 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Kitchener market, last 90 days

Median sold price: $667,000
Average sold price: $692,482
Average days on market: 29
Homes sold: 767

Closed sales on the TRREB MLS®.

Full Kitchener market report

Market pulse · Kitchener

Kitchener market

Median sold price$667,000Last 90 days
Average days on market29Homes sold in about 29 days on average.
Sale-to-list ratio101.1%On average, homes sold at or above asking.
Active listings778Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with Apr 20 – Jul 19, 2026: prices down.

Based on 767 sales from Jul 19 – Oct 17, 2026 (556 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Kitchener

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

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Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 516 — 525 New Dundee Road 1 bd · 1 ba · 600 sqft	$394,900asking	$658	—	—
155 Commonwealth Street 2 bd · 2 ba · 900 sqft
1100 Courtland Avenue 2 bd · 1 ba · 1,000 sqft
1414 King Street 2 bd · 1 ba · 1,000 sqft
525 New Dundee Road 1 bd · 1 ba · 700 sqft
525 New Dundee Road 1 bd · 1 ba · 700 sqft
55 Duke Street 1 bd · 1 ba · 600 sqft

155 Commonwealth Street
2 bd · 2 ba · 900 sqft
1100 Courtland Avenue
2 bd · 1 ba · 1,000 sqft
1414 King Street
2 bd · 1 ba · 1,000 sqft
525 New Dundee Road
1 bd · 1 ba · 700 sqft
525 New Dundee Road
1 bd · 1 ba · 700 sqft
55 Duke Street
1 bd · 1 ba · 600 sqft

More in this building

2 for sale · 2 for rent at 525 New Dundee Rd — plus its sale and lease history.

See all of 525 New Dundee Rd

Living in Kitchener: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Schools nearby

Closest first, straight-line distance

Doon Public SchoolElementary · Waterloo Region District School Board1.5 km19 min walk
Groh Public SchoolElementary · Waterloo Region District School Board1.6 km20 min walk
J.W. Gerth Public SchoolElementary · Waterloo Region District School Board2.0 km25 min walk

School attendance boundaries change, and a nearby school may not serve this address. Check school boundaries with the board before you rely on them.

Transit nearby

Stations and stops, straight-line distance

Robert Ferrie / Blair CreekBus or streetcar stop270 m3 min walk
Thomas Slee / Robert FerrieBus or streetcar stop510 m6 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Transit

Robert Ferrie / Blair Creek3 min walk
Thomas Slee / Robert Ferrie6 min walk

Schools

Doon Public School19 min walk
Groh Public School20 min walk
J.W. Gerth Public School25 min walk

Parks & daily life

Wetland Way Park3 min walk
Robert Ferrie Parkette6 min walk

3/7

3 of 7 everyday essentials within a 10-minute walk

A few essentials are walkable; most errands need a car, bike or transit around Kitchener.

A transparent count, not a trademarked score: how many of 7 everyday needs have at least one place within about 800 m.

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 525 New Dundee Rd #516. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 525 New Dundee Rd #516

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $1,940; 20% down · 25 years · 5.5% assumed
Property tax: $217; 0.66% mill rate · ON
Total per month: $2,157; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$1,940

/mo

based on the purchase price of $394,900

Down payment20%

$78,980 cash

Amortization25 yr

$315,920 financed

Rate5.50%

$266,088 total interest

Principal54%$315,920

Interest46%$266,088

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 525 New Dundee Rd #516 with a licensed buyer's agent

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A licensed local agent

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Find an agent (905) 553-8500 (main line)

Questions About 525 New Dundee Rd #516

How much is 525 New Dundee Rd #516 listed for?

525 New Dundee Rd #516 is listed at $394,900 (MLS® X14089720). Summitly updates the price as soon as the MLS® record changes.

Is $394,900 a good price for 525 New Dundee Rd #516?

Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Kitchener. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 525 New Dundee Rd #516 changed?

No — 525 New Dundee Rd #516 is still listed at its original asking price of $394,900.

How many bedrooms and bathrooms does 525 New Dundee Rd #516 have?

525 New Dundee Rd #516 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Kitchener.

What schools are near 525 New Dundee Rd #516?

The 3 closest schools to 525 New Dundee Rd #516 in a straight line are Doon Public School (Elementary, Waterloo Region District School Board), about 1.5 km (about a 19-minute walk); Groh Public School (Elementary, Waterloo Region District School Board), about 1.6 km (about a 20-minute walk); and J.W. Gerth Public School (Elementary, Waterloo Region District School Board), about 2.0 km (about a 25-minute walk). School attendance boundaries change, and a nearby school may not serve this address. Check school boundaries with the board before you rely on them. School locations are from OpenStreetMap.

Is 525 New Dundee Rd #516 close to transit?

The closest bus or streetcar stop is Robert Ferrie / Blair Creek, about 270 m (about a 3-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 525 New Dundee Rd #516?

About $1,940 a month — principal and interest on $394,900 with 20% down ($78,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 525 New Dundee Rd #516 compare with other homes in Kitchener?

Its asking price of $394,900 is about 41% below the median sold price in Kitchener over the last 90 days, $667,000, across 767 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 525 New Dundee Rd #516 been sold before?

Summitly has no earlier MLS® sale or lease of 525 New Dundee Rd #516 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 525 New Dundee Rd #516?

525 New Dundee Rd #516 is in Kitchener, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 525 New Dundee Rd #516 been on the market?

1 day — 525 New Dundee Rd #516 was listed on October 16, 2026.

What is the price per square foot of 525 New Dundee Rd #516?

About $565 to $658 per square foot: the asking price of $394,900 over the 600–699 sq ft the listing gives as its size range.

What you should know