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525 NEW DUNDEE Road Unit# 516, Kitchener — listed at $394,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Kitchen/Dining room | Main level | 13'5'' x 11'5'' |
| Living room | Main level | 12'5'' x 12'4'' |
| Bedroom | Main level | 12'7'' x 10'1'' |
Who is 525 NEW DUNDEE Road Unit# 516 best suited for?+
With 1 bedroom and 1 bathroom, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What's the parking situation?+
This property includes 1 space — Open.
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
Built in 2023 — is this considered new?+
A 2023 build means modern building codes, likely better insulation and wiring than older homes. Ask if any major systems (roof, furnace, windows) have been replaced — even newer homes need maintenance.
Is this a good starter home?+
At $394,900, this is priced in starter-home territory for Kitchener. Factor in condo fees when calculating your true monthly cost.
What do the condo/maintenance fees cover?+
The condo/maintenance fee is $315.74/mo. Ask the listing agent for a breakdown of exactly what's included — coverage varies widely.
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