525 New Dundee Road 322, Kitchener

$439,900
525 New Dundee Road 322

$439,900

New
2d
Condo ApartmentApartment

525 New Dundee Road 322, Kitchener

Total Monthly Obligation $2,633

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
2d
Score
22
Yield
6.6%
Cash on Cash
-0.4%
Cap Rate
4.5%
5Y IRR
15.3%
10Y IRR
14.4%
Property Type-Condo Apartment
MLS® Number-X14103810
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,843.76 (2025)
Maintenance-$422/mo
Locker-None
Parking-1 - Other
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX METROPOLIS REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete Block
Possession-immediate
Title-Residential Condo & Other

No agent assigned

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.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$351,920
Land Transfer Taxes$5,273
Legal Fees (Est.)
$
Total cash required for closing$94,753

Total Monthly Obligation

$2,633/mo
Mortgage $1,774
Monthly Loss $2,166
Principal$467
Interest$1,307
Property Tax$237
Condo Fees$422
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.6%2
5-Year IRR
11.4%45
10-Year IRR
11.8%
Returns Index
23.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$29,196/yr
NOI
$15,969/yr
Net Cash Flow
-$444/mo
Cash Margin
-18.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
30.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 525 New Dundee Road 322

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.