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    Kitchener / Doon South

    525 New Dundee Road

    Flats at Rainbow Lake

    Highlights

    Property Type:
    Condo
    Number of Storeys:
    8
    Number of Units:
    184
    Condo Completion:
    2024
    Condo Demand:
    Low
    Unit Size Range:
    649 - 1,148 SQFT
    Unit Availability:
    Low
    Property Management:
    Weigel Property Management

    Amenities

    Visitor Parking
    Sauna
    Gym
    Party Room

    About 525 New Dundee Road — Flats at Rainbow Lake

    Located at 525 New Dundee Road, Flats at Rainbow Lake is a 8-storey condo containing 184 units. These Kitchener condos for sale were completed in 2024 with units starting at 649 square feet, ranging up to 1148 square feet. What makes a Doon South condo for sale most appealing is all that the neighbourhood has to offer.

    Maintenance fees at 525 New Dundee Road are only $0.38, significantly lower than the city average of about $0.67 per-square-foot.

    The Suites

    On average, units at 525 New Dundee Road sell -1.67% below the list price, and units have a low chance of receiving multiple offers (aka a “bidding war”). Units in this complex are among the most expensive in the area with an average cost per-square-foot of $560 (based on past 12 months of sales). Units typically sell with 39 days on market on average. Over the past 12 months, 3 have sold and 33 have been rented here.

    Hydro
    Not Included
    Heat
    Not Included
    Air Conditioning
    Not Included
    Water
    Not Included
    Buyer's Market
    Balanced
    Seller's Market

    Listing History for Flats at Rainbow Lake

    Apr, 2026
    525 New Dundee Rd, unit 418 for rent
    Unit 418
    Apr 07, 202629 days on strata
    Leased for $1,850Listed for $1,9501 bd | 1 ba | 722 sqft | 1 pkg
    525 New Dundee Rd, unit 507 for sale
    Unit 507
    Apr 07, 202626 days on strata
    TerminatedListed for $579,0002 bd | 2 ba | 951 sqft | 1 pkg
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    8

    Listings For Sale

    Interested in receiving new listings for sale? , or browse more condos for sale in Doon South.

    1 bed|1 bath|723 sqft|1 parking
    717 - 525 new dundee rd|Doon South
    Condo|$314 fees|
    1 bed|1 bath|800-899 sqft|1 parking
    413 - 525 new dundee rd|Doon South
    Condo|$339 fees|
    1 bed|1 bath|833 sqft|1 parking
    101 - 525 new dundee rd|Doon South
    Condo|$339 fees|
    1 bed|1 bath|842 sqft|1 parking
    710 - 525 new dundee rd|Doon South
    Condo|$339 fees|
    2 beds|2 baths|912 sqft|1 parking
    204 - 525 new dundee rd|Doon South
    Condo|$384 fees|
    2 beds|2 baths|912 sqft|1 parking
    222 - 525 new dundee rd|Doon South
    Condo|$384 fees|
    2 beds|2 baths|1,000 sqft|1 parking
    724 - 525 new dundee rd|Doon South
    Condo|$443 fees|
    2 beds|2 baths|1,000 sqft|1 parking
    525 - 525 new dundee rd|Doon South
    Condo|$443 fees|
    4

    Listings For Rent

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    Building Trends At Flats at Rainbow Lake

    Days on Strata

    Units at Flats at Rainbow Lake spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Doon South

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 11 condos in the Doon South area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    33
    Units were Rented over the past twelve months

    Best Value Rank

    Flats at Rainbow Lake offers the
    ?
    N/A
    best value out of 11 condos in the Doon South neighbourhood

    Appreciation Rank

    Flats at Rainbow Lake has the
    ?
    N/A
    highest ROI out of 11 condos in the Doon South neighbourhood

    Rental Yield

    Flats at Rainbow Lake yields the
    ?
    N/A
    highest rent prices out of 11 condos in the Doon South neighbourhood

    High Demand

    Flats at Rainbow Lake is the
    ?
    N/A
    most popular building out of 11 condos in the Doon South neighbourhood

    Market Insights

    Transaction Insights at Flats at Rainbow Lake

    1 Bed1 Bed + Den2 Bed
    Price Range$412,500 - $457,000No DataNo Data
    Avg. Cost Per Sqft$596No DataNo Data
    Avg. Wait for Unit Availability89 DaysNo DataNo Data
    Ratio of Units in Building53%2%46%

    Market Inventory

    Total number of units listed and sold in Doon South