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The Flats at Rainbow Lake

525 New Dundee Rd, Kitchener, ON N2P 0K8

The Flats at Rainbow Lake, at 525 New Dundee Rd, is a condo building in the 335 - Pioneer Park/Doon/Wyldwoods area of Kitchener, Ontario. It was built in 2023, has 187 residential units and stands 8 storeys tall.

335 - Pioneer Park/Doon/Wyldwoods
Year Built
2023
Units
187
Floors
8
Building Type
Mid-rise apartment condo

Market Overview

Avg Sold Price
$417,500
Median Sold
$417,500
Price Range
$400,000 – $435,000
Avg $/SqFt
$601
Sales (2yr)
2
Active Listings
8
Avg List Price
$511,503
Avg Days on Market
73

Last sale: Oct 14, 2026

Condo Fees

Avg Monthly Fee
$380
Median Fee
$402
Avg $/SqFt
$0.43
Units w/ Fee Data
20
Fee IncludesHeat, water, building insurance.

Building Features

ExteriorConcrete
AmenitiesExercise centre, fitness centre, sauna, yoga studio, party room, social lounge, library, pet wash station, outdoor patio with BBQ area.
Building TypeMid-rise apartment condo
Floors8 storeys
Year Built2023

Policies

Pet PolicyAllowed with restrictions; pet wash station available.

Management

Management CompanyWeigel Management Inc.

About This Building

The Flats at Rainbow Lake is a modern 8-storey mid-rise apartment condominium located at 525 New Dundee Road in the Doon South neighbourhood of Kitchener, completed in 2023. The building contains approximately 700 square foot units averaging around $418,000 in recent sales, with active listings asking roughly $512,000. Monthly condo fees average approximately $380, or about $0.43 per square foot, covering heat, water, and building insurance. Residents enjoy an exercise centre, sauna, yoga studio, party room, and direct access to Rainbow Lake Conservation Area and surrounding walking trails. The property offers convenient proximity to Highway 401, Conestoga College, and public transit. Before finalizing a purchase, retain a lawyer to review the status certificate, reserve fund study, financial statements, board minutes, and by-laws.

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