$438,888
For sale: Apartment

1 BEDROOM PLUS DEN AT THE FLATS AT RAINBOW LAKE, JUST STEPS FROM SCENIC TRAILS! Welcome to Unit 208, a bright and spacious condo beside a private conservation area in Kitchener's Doon South community. Built in 2023, this accessible, carpet-free suite offers 864 sq. ft. of thoughtfully designed living space with nearly 9-foot ceilings, wide-plank flooring and pot lights throughout. The stylish kitchen features two-tone cabinetry and stainless steel appliances, flowing into the living room where sliding glass doors lead to your private west-facing balcony, an ideal spot for morning coffee or evening sunsets. The versatile den works as a home office or extra living space, while the oversized primary bedroom offers a large window and generous closet space. The 3-piece bath features a glass-enclosed walk-in shower, and a standout feature is the separate laundry room with a stacked washer and dryer and an entire wall of built-in storage. Building amenities include a fitness centre, sauna, party room, library and pet wash station. With easy access to shopping, Conestoga College and Highway 401, this location offers the best of both convenience and natural surroundings. An excellent opportunity for first-time buyers, downsizers or investors. Come see what The Flats at Rainbow Lake has to offer!
Sold data
Apartment homes in Kitchener took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 27 days and the slowest quarter taking more than 83, across 46 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 100 days.
The median sale price was $319,450.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 37% of sellers reduced their price before finding a buyer.
Based on 46 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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