525 New Dundee Rd 716
Kitchener, N2P 0K8
FOR SALE
$420,000
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Property Description
Discover the peaceful haven of Rainbow Lake, located at 525 New Dundee Rd. This inviting one-bedroom, one-bathroom unit effortlessly combines modern comfort with style, all set within a stunning natural landscape. Spanning 654 square feet, the well-planned layout offers a cozy yet practical living space for easy, relaxed living. The open-concept design of the living, dining, and kitchen areas fills the space with natural light, creating a welcoming environment perfect for both relaxation and entertaining. The contemporary kitchen features sleek stainless steel appliances perfect for those who love to cook. Step outside to the 83 square-foot balcony, offering additional outdoor space to personalize. Residents can enjoy a range of amenities, including a fitness center, yoga studio with sauna, library, social lounge, party room, pet grooming station, and access to the peaceful Rainbow Lake conservation area. Don't miss the chance to experience this sought-after Kitchener location, where modern living meets serene surroundings and a wealth of desirable amenities! **Photos of model unit**
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Property Features
Grnbelt/Conserv, Lake/Pond, Park, Public Transit
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Property Details
Street
City
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
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 13.32' x 12.34' | Combined W/Dining |
Living | Main | 13.42' x 11.42' | |
Prim Bdrm | Main | 12.60' x 10.07' |
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Kitchener Market Statistics
Kitchener Price Trend
525 New Dundee Rd 716 is a 1-bedroom 1-bathroom condo listed for sale at $420,000, which is $14,250 (3.5%) higher than the average sold price of $405,750 in the last 30 days (November 6 - December 5). During the last 30 days the average sold price for a 1 bedroom condo in Kitchener increased by $32,750 (8.8%) compared to the previous 30 day period (October 7 - November 5) and down $159 (0.0%) from the same time one year ago.Inventory Change
There were 25 1-bedroom condos listed in Kitchener over the last 30 days (November 6 - December 5), which is up 13.6% compared with the previous 30 day period (October 7 - November 5) and up 56.2% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Kitchener typically sold ($9,150) (2.3%) below asking price over the last 30 days (November 6 - December 5), which represents a $2,139 decrease compared to the previous 30 day period (October 7 - November 5) 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 6 - December 5) stood at 16.0%, down from 45.5% over the previous 30 days (October 7 - November 5) and down from 68.8% 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 15 days when successfully sold over the last 30 days (November 6 - December 5), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Corcoran Horizon Realty
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