317 - 525 NEW DUNDEE Road
Kitchener, Ontario
1 bed • 1 bath • Single Family
Fantastic opportunity for commuters and nature lovers alike! Welcome to life at Rainbow Lake, where serene waterfront views meet effortless, low-maintenance living beside a private conservation area. This spacious 1-bedroom suite features a bright open-concept layout, complete with a modern kitchen showcasing stainless steel appliances, a centre island, and a breakfast bar—perfect for both everyday living and entertaining. Step outside to your private 88 sq ft east-facing balcony and take in peaceful views of the surrounding greenery and morning sun. Thoughtfully designed with Scandinavian-inspired interiors, The Flats offer clean lines, natural materials, and a calming aesthetic, with two refined colour palettes to suit your style. Nestled in the desirable Lower Doon neighbourhood, residents enjoy direct access to the natural beauty of Rainbow Lake—a 45-foot-deep, spring-fed lake stocked annually with rainbow trout, ideal for swimming, fishing, canoeing, or simply unwinding by the water. Enjoy exceptional connectivity to nearby parks and trails, including Topper Woods Park, Pinnacle Hill Natural Area, and Homer Watson Park, all just minutes away. Experience the perfect balance of nature and convenience, with quick access to everything Waterloo Region has to offer. Available for occupancy June 1!
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 School1.5 km
Public · Waterloo Region DSB · 435 students
Secondary
- Huron Heights Secondary School4.4 km
Public · Waterloo Region DSB · 1455 students
Grade 10 literacy: 88% met the provincial standard
- Preston High School4.8 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
- 1,924
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,924 recorded sales of single family properties in Kitchener over the last 12 months.
Location
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?