525 New Dundee Rd 423

Kitchener, N2P 0K8
FOR SALE
$459,000
525 New Dundee Rd 423, Kitchener
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
525 New Dundee Rd 423
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
3
ROOMS
X11930281
MLSID
Contact Us
Property Description
Welcome to Rainbow Lake Retreat, a serene and peaceful sanctuary. This 1-bedroom, 1-bathroom unit at 525 New Dundee Road combines modern design with natural beauty. Featuring 679 square feet, the open layout integrates the living, dining, and kitchen areas into a spacious, comfortable setting ideal for both relaxing and entertaining. The kitchen is equipped with ample cabinets and stainless steel appliances to meet your culinary needs. The bedroom features a large closet, and the bathroom is conveniently located nearby. Step out onto the large balcony to enjoy additional outdoor living space. The property offers a range of amenities including a gym, yoga studio with sauna, library, social lounge, party room, and a pet wash station. Located next to Rainbow Lake, you'll have easy access to the lake, trails, and more. Experience contemporary living in this well-appointed condo in Kitchener. Make this exceptional condominium your next residence in Kitchener at Rainbow
Property Features
Grnbelt/Conserv, Lake/Pond, Park, Public Transit
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain13.42' x 11.42'Combined W/Dining
LivingMain12.40' x 12.34'
Prim BdrmMain12.60' x 10.07'
Kitchener Market Statistics
Kitchener Price Trend
525 New Dundee Rd 423 is a 1-bedroom 1-bathroom condo listed for sale at $459,000, which is $56,000 (10.9%) lower than the average sold price of $515,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Kitchener increased by $174,040 (51.0%) compared to the previous 30 day period (December 22 - January 20) and up $268,000 (108.5%) from the same time one year ago.
Inventory Change
There were 31 1-bedroom condos listed in Kitchener over the last 30 days (January 21 - February 19), which is up 47.6% compared with the previous 30 day period (December 22 - January 20) and up 47.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Kitchener typically sold ($14,900) (2.9%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,060 increase compared to the previous 30 day period (December 22 - January 20) and ($400) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Kitchener over the last 30 days (January 21 - February 19) stood at 3.2%, down from 23.8% over the previous 30 days (December 22 - January 20) and down from 128.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Kitchener stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Corcoran Horizon Realty
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