$439,900

For sale

#322 525 New Dundee Road, Kitchener - Single Family for Sale

#322 525 New Dundee Road, Kitchener, Ontario, N2P0K8

2 beds2 baths1 parking950 ft²$422/mo condo feeListed 14 days ago

Overview

This 2-bedroom, 2-bathroom condo in Kitchener is for sale offering roughly 950 sq ft of space. It has been on the market 14 days, fresher than the Kitchener average of 54 days.

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Description

Welcome to the Flats at Rainbow Lake! Nestled in nature, this brand-new, beautifully built residence offers a variety of amenities, including a yoga studio with sauna, a fitness center, a party room, a social lounge, a library, and a pet wash station. Residents enjoy private access to the Rainbow Lake Conservation Area. The building is ideally situated near local shops, dining, recreational venues, and Highway 401 for added convenience.This 912 sq ft unit includes 2 bedrooms and 2 bathrooms. The spacious primary bedroom features an ensuite with a large walk-in shower, while the second bedroom offers a built-in wardrobe. The open-concept kitchen, dining, and living areas are perfect for entertaining and relaxing, complete with stainless steel Samsung appliances. Step out onto the generous 92 sq ft balcony and enjoy the surrounding peace and serenity. Dont miss the opportunity to make this exceptional building your new home. (id:66096)

Property Details

MLS®: X14103810
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Other, No Garage
Condo Fee: $422/mo
Ownership: Condo/Strata
Property Tax: $2,843.76/yr
Listed: 14 days ago

Rooms

Main level

Bedroom: 3.3 x 2.92 meters

Second level

Bedroom: 3.3 x 3.2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Exterior: Concrete Block

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Kitchener listings, avg age

54d

Price / ft²

$463

List price

$440K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Kitchener has been listed for 14 days, which is 40 days fresher than the city average of 54. Act while there is still low competition.

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Listed by RE/MAX METROPOLIS REALTY · MONISHA SATKUNARAJAH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2P)

This home lists at $439,900, about 4.0× the local median household income of $110,000.

Carrying it typically needs a household income of about $85,928 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $110,000
Population: 25,040
Median age: 36
Owner / renter: 76% / 24%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N2P)

$439,900· $463/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,995

Min 5%50%

Mortgage payment$2,317/mo

↳ CMHC premium ($16,716 capitalized)

Property tax (est.)$237/mo

Condo fee$422/mo

Total monthly$2,976

Cash Needed to Close

Down payment (5%)$21,995

Land transfer tax$5,273

Est. closing costs$3,820

Total cash needed$31,088

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