$439,900
For sale: Apartment

Welcome to the Flats at Rainbow Lake! Nestled in nature, this brand-new, beautifully built residence offers a variety of amenities, including a yoga studio with sauna, a fitness center, a party room, a social lounge, a library, and a pet wash station. Residents enjoy private access to the Rainbow Lake Conservation Area. The building is ideally situated near local shops, dining, recreational venues, and Highway 401 for added convenience.This 912 sq ft unit includes 2 bedrooms and 2 bathrooms. The spacious primary bedroom features an ensuite with a large walk-in shower, while the second bedroom offers a built-in wardrobe. The open-concept kitchen, dining, and living areas are perfect for entertaining and relaxing, complete with stainless steel Samsung appliances. Step out onto the generous 92 sq ft balcony and enjoy the surrounding peace and serenity. Dont miss the opportunity to make this exceptional building your new home.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 100 days.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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