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507 - 525 NEW DUNDEE Road

507 - 525 NEW DUNDEE Road

Kitchener

2 bed • Single Family

$579,000

Arguably one of the most desirable vantage points at Rainbow Flats, this beautifully styled 2-bedroom, 2-bathroom suite offers peaceful pond and forest views with a spacious balcony that feels like a private extension of the home. Welcome to Suite 507 at 525 New Dundee Road in Kitchener’s sought-after Rainbow Flats community. Offering 951 sq. ft. of thoughtfully designed living space, this impeccably maintained condo features a coveted 2-bedroom, 2-bathroom layout with timeless, neutral finishes throughout. The bright open-concept design is both stylish and functional, with clean lines and a magazine-worthy aesthetic. The kitchen features stainless steel appliances, ample cabinetry, and flows seamlessly into the living and dining areas, creating a comfortable setting for both everyday living and entertaining. The spacious private balcony serves as a true extension of the suite, providing a rare vantage point with tranquil views of the pond, surrounding forest, and green space. Positioned on the fifth floor, the suite enjoys an ideal balance of elevation, privacy, and connection to nature. The primary bedroom features a walk-in closet and 3-piece ensuite, while the second bedroom and full bathroom offer flexibility for guests, family, or a home office. Residents enjoy excellent amenities including a fitness centre, yoga studio with sauna, library, social lounge, party room, and pet wash station. With exclusive resident access to the adjacent pond and conservation trails just steps from the building, Rainbow Flats offers a unique cottage life in the city lifestyle while remaining close to everyday conveniences. Beautifully maintained and move-in ready, this is refined, low-maintenance living surrounded by nature.

Price History

Schools

Elementary

  • Willow River Public School0.5 km

    Public · Waterloo Region DSB

  • Groh Public School1.5 km

    Public · Waterloo Region DSB · 885 students

    Grade 3 reading: 69% met the provincial standard · Grade 6 math: 65% met the provincial standard

  • Doon Public School1.6 km

    Public · Waterloo Region DSB · 435 students

Secondary

  • Huron Heights Secondary School4.5 km

    Public · Waterloo Region DSB · 1455 students

    Grade 10 literacy: 88% met the provincial standard

  • Preston High School4.9 km

    Public · Waterloo Region DSB · 855 students

    Grade 10 literacy: 77% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N2P

Population
25,040
Private dwellings
8,848
Median age
36
Average household size
2.9
Median household income
$110,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Kitchener · last 12 months

Median sold price
$665,000
Homes sold
1,932
Median days on market
20
Sale-to-list price
101.0%

Based on 1,932 recorded sales of single family properties in Kitchener over the last 12 months.

Location

Mortgage Calculator

$115,800

Estimated Monthly Payment

$2,844

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $2,844/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $145/mo

Estimates only. Consult a financial advisor.

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