$409,000
For sale: Apartment

Nestled within the sought after Rainbow Lake community in Kitchener, this one bedroom, one bathroom condo at 525 New Dundee Road offers 723 square feet of thoughtfully designed living space that truly feels like home. The open concept layout connects the living, dining, and kitchen areas in a way that feels both spacious and inviting, whether you are settling in after a long day or having friends over for the evening. The kitchen is well appointed with stainless steel appliances and generous cabinet storage that makes everyday living effortless. Step through the balcony door and you are greeted with peaceful views of Rainbow Lake, a backdrop that makes this unit genuinely special. The building itself is packed with amenities that support an active and balanced lifestyle, including a gym, yoga studio, sauna, library, social lounge, party room, and a pet wash station. Residents also enjoy exclusive access to the Rainbow Lake conservation area, where kayaking, canoeing, swimming, and fishing are all right at your doorstep. This is a wonderful opportunity to live surrounded by nature without giving up the comforts and conveniences of a well maintained modern building.
Sold data
Apartment homes in Kitchener took a median of 54 days to sell over the last 90 days, with the quickest quarter selling within 26 days and the slowest quarter taking more than 85, across 57 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 92 days.
The median sale price was $329,900.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
Based on 57 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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