525 New Dundee Rd 520

Kitchener, N2P 0K8
FOR SALE
$429,000
525 New Dundee Rd 520, Kitchener
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
525 New Dundee Rd 520
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
3
ROOMS
X11431014
MLSID
Contact Us
Property Description
Welcome to Rainbow Lake Retreat! This charming 1-bedroom, 1-bathroom condo at 525 New Dundee Road combines contemporary style with the tranquility of nature. Offering 679 square feet of living space, the open-concept design effortlessly connects the living, dining, and kitchen areas, creating an inviting atmosphere ideal for both relaxation and entertaining. The kitchen is equipped with ample cabinetry and sleek stainless steel appliances, perfect for all your culinary needs. The spacious bedroom features a large closet, with the bathroom conveniently located nearby. Enjoy additional outdoor living on the expansive 87 square-foot balcony. The property boasts a variety 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 scenic trails and the serene lakefront. Experience the best of modern living in this beautifully designed condo in Kitchener. Make Rainbow Lake Retreat your new home! **Photos of model unit**
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
KitchenMain13.32' x 12.24'Combined W/Dining
LivingMain12.40' x 12.60'
Prim BdrmMain16.83' x 9.68'
Kitchener Market Statistics
Kitchener Price Trend
525 New Dundee Rd 520 is a 1-bedroom 1-bathroom condo listed for sale at $429,000, which is $47,500 (12.5%) higher than the average sold price of $381,500 in the last 30 days (November 5 - December 4). During the last 30 days the average sold price for a 1 bedroom condo in Kitchener declined by $11,500 (2.9%) compared to the previous 30 day period (October 6 - November 4) and down $24,409 (6.0%) from the same time one year ago.
Inventory Change
There were 29 1-bedroom condos listed in Kitchener over the last 30 days (November 5 - December 4), which is up 52.6% compared with the previous 30 day period (October 6 - November 4) and up 93.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Kitchener typically sold ($8,400) (2.2%) below asking price over the last 30 days (November 5 - December 4), which represents a $1,277 decrease compared to the previous 30 day period (October 6 - November 4) and ($727) 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 (November 5 - December 4) stood at 17.2%, down from 47.4% over the previous 30 days (October 6 - November 4) and down from 73.3% 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 17 days when successfully sold over the last 30 days (November 5 - December 4), compared to 83 days before being removed from the market upon being suspended or terminated.
Listing contracted with Corcoran Horizon Realty
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