$394,900

For sale

#603 15 Prince Albert Boulevard, Kitchener, Ontario, N2H0C2

1 bd1 ba1 pk550 ft²+$533/mo

Listed by RE/MAX REAL ESTATE CENTRE INC.

For saleJust listed

Today

$285K

#603 15 PRINCE ALBERT Boulevard, Kitchener, Ontario, N2H0C2

1 bd1 ba1 pk550 ft²+$533/mo

Listed by Re/Max Real Estate Centre Inc.

#1C 185 Windale Crescent, Kitchener, Ontario, N2E0G3

For saleJust listed

Today

$200K

#1C 185 Windale Crescent, Kitchener, Ontario, N2E0G3

1 bd1 ba550 ft²+$471/mo

Listed by RE/MAX MILLENNIUM REAL ESTATE

#1304 1 Victoria Street South, Kitchener, Ontario, N2G0B5

For saleJust listed

Today

$270K

#1304 1 Victoria Street South, Kitchener, Ontario, N2G0B5

1 bd1 ba550 ft²+$502/mo

Listed by RE/MAX TWIN CITY REALTY INC.

Investment analysis

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$394,900

Kitchener

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#516 525 NEW DUNDEE Road, Kitchener - Single Family for Sale

#516 525 NEW DUNDEE Road, Kitchener, Ontario, N2P0K8

1 bed1 bath1 parking654 ft²$316/mo condo feeListed 19 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 654 sq ft of space. Its $394,900 asking price sits right in line with the $399,500 median in Kitchener. It has been on the market 19 days, fresher than the Kitchener average of 53 days.

Condos for Sale in Kitchener →All real estate in Kitchener →

Description

Welcome to Unit 516 at 525 New Dundee Road in Kitchener, located in The Flats at Rainbow Lake in desirable Doon South. This bright and modern 1-bedroom, 1-bathroom condo features a functional open-concept layout with combined kitchen, dining, and living areas, modern finishes, stainless steel appliances, and in-suite laundry. Large windows provide plenty of natural light, while the private balcony offers additional outdoor living space. Building amenities include a fitness centre, sauna, library, party room, social lounge, pet wash station, and a beautifully designed outdoor patio with BBQ area. Located near Rainbow Lake, walking trails, parks, and green spaces, with convenient access to Highway 401, Conestoga College, shopping, restaurants, public transit, and everyday amenities. A great opportunity for a first-time buyer, investor, professional, or downsizer looking for modern, low-maintenance living in Kitchener. (id:66096)

Property Details

MLS®: 40872092
Property Type: Single Family
Zoning: COM3 NHC1
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 654 ft²
Year Built: 2023
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Open
Condo Fee: $316/mo
Ownership: Condo/Strata
Property Tax: $3,324/yr
Listed: 19 days ago

Rooms

Main level

4pc Bathroom
Kitchen/Dining room: 13'5'' x 11'5''
Living room: 12'5'' x 12'4''
Bedroom: 12'7'' x 10'1''

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior: Concrete
Lot Features: Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Kitchener listings, avg age

53d

Price / ft²

$604

List price

$395K

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 1-bed single family in Kitchener has been listed for 19 days, which is 34 days fresher than the city average of 53. Act while there is still low competition.

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Listed by HOMELIFE MIRACLE REALTY LTD. · Jeewan Sidhu

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2P)

This home lists at $394,900, about 3.6× the local median household income of $110,000.

Carrying it typically needs a household income of about $77,138 (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)

$394,900· $604/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,745

Min 5%50%

Mortgage payment$2,080/mo

↳ CMHC premium ($15,006 capitalized)

Property tax (est.)$277/mo

Condo fee$316/mo

Total monthly$2,673

Cash Needed to Close

Down payment (5%)$19,745

Land transfer tax$4,399

Est. closing costs$3,685

Total cash needed$27,829

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice