The Flats at Rainbow Lake
The Flats at Rainbow Lake is an upcoming pre-construction mixed-use condo development that will be developed by HIP Developments, just near the intersection of New Dundee Rd. and Hwy. 401 in Kitchener. This 10-storey Rainbow Lake Condos building features 184 residential units and over 5,300 sq ft of commercial space on the ground floor. The units, ranging from one to two bedrooms and 650+ to 1050+ sq ft in size, will feature private balconies with beautiful views. Parking facilities include 202 spaces at the surface level, consisting of 188 for residential use and 14 for visitors or retail. Additionally, there are limited electric vehicle (EV) parking spaces and 100 bike spaces for long-term parking. Pricing starts at $525,800 to $595,800. Register Now to access the VIP Price List and Floor Plans.
The Flats at Rainbow Lake by HIP Developments
- Address: 525 New Dundee Rd., Kitchener, ON N2P 2L1
- Intersection: Rober Ferrie Dr and New Dundee Road
- Developer: HIP Developments
- Architect: TBA
- Status: Pre-construction
- Category: Mixed use (Residential, Commercial)
- Ownership: Condominium
- Occupancy: 2024
- Average Price/Sq. Ft.: $769
- Floor Plans: 16 (one- to two-bedroom units)
- Storey: 10
- Total Number of Units: 184
- Size Range: 654 – 1065 SqFt
- Parking:
- 202 parking spaces at surface level (188 residential + 14 visitors/retail)
- Limited EV parking spaces
- 100 bike spaces for long-term parking
- Deposit Structure:
- $10,000 on Signing
- Balance of 5% Due in 30 Days
- Balance to 20% Due on Occupancy
- Maintenance Fees: $0.39 per square foot per month
- (including building security, amenity rooms, building and condominium management, lobbies, common areas, utilities and maintenance, parking and property cleaning and maintenance, landscaping, snow removal, garbage and recycling, reserve fund contribution, free WIFI in all indoor amenities and common areas, and building insurance)
- Parking Maintenance: $25 / month
- Development Levies: Capped Development Charges at $2,500
- Assignment Policy: Assignment Fee of $10,000
Quick Facts
Reasons to Invest in The Flats at Rainbow Lake
The Flats at Rainbow Lake Highlights
- A serene environment surrounded by natural beauty provides easy access to Rainbow Lake, allowing for a variety of outdoor activities
- The location is conveniently close to two Conestoga College campuses, making it an ideal opportunity to rent out units to students.
- The Rainbow Flats project features Scandinavian-inspired designs, offering beautiful and spacious one- to two-bedroom units with private balconies that embrace the natural surroundings.
- Enjoy a range of wellness-focused amenities, including a yoga and meditation room, fitness studio, party room, sauna, social lounge, play area for children, pet wash station, and an outdoor terrace with scenic views of the trees and lake.
- Easily accessible by car, with proximity to the Hwy. 401 ramp, offers efficient travel within and beyond Kitchener.
- Residents have access to various supermarkets and restaurants, making daily life convenient and enjoyable.
- Highway 401 access leads to dining, shopping, schools, and hospitals
Incentives
- First Access to the Best Availability
- Platinum VIP Pricing and Floor Plans
- Assignment
- Lawyer Review of Your Purchase Agreement
Building Amenities
- Yoga Rooms and Fitness Studios
- Social Lounge
- Sauna
- Pet Wash Station
- Kid-Friendly Play Area
- Large Party Room
Suite Finishes
- Specially crafted cabinetry
- 9ft ceiling
- Glass showers without frames
- Windows stretching from floor to ceiling
- Creative storage solutions
- Quality laminate flooring
- The washer and dryer conveniently stacked
- Resilient stainless steel appliances
The Flats at Rainbow Lake,Kitchener Neighbourhood
Schools: There are several schools located within a short distance, including Doon Public School and Groh Public School, offering convenient access to quality education.
Higher Education: Situated close to Conestoga College, this location is ideal for higher education, making it convenient for students.
Parks: Surrounded by stunning natural conservation lands, residents can enjoy year-round outdoor activities like hiking, jogging, fishing, canoeing, and ice skating. Nearby parks include Topper Woods Natural Area, Blair Creek Natural Area, Pinnacle Hill Natural Area, Tilt’s Bush, and Homer Watson Park along the Grand River.
Job Opportunities: The proximity to Kitchener’s tech center provides ample job opportunities, ensuring a balance of nature and urban life.
Shopping: Residents have easy access to supermarkets, grocery stores, and a variety of dining options, including fast food, Indian cuisine, pizza parlors, and grill houses.
Medical Facilities: The area offers access to medical facilities, like Grand River Hospital or St. Mary’s General Hospital ensuring residents’ healthcare needs are well-catered for.
Ready to make The Flats at Rainbow Lake your new sweet home? Contact Platinum Condo Deals, and let’s make your dream living space a reality.
The Flats at Rainbow Lake Floor Plans
14 FLOOR PLANS (14 AVAILABLE) From $525,800 to $595,800
| Plan | Suite Name | Suite Type | Size | View | Availability | |
|---|---|---|---|---|---|---|
Floor Plans for The Flats at Rainbow Lake Coming Soon!Register now to get 1st access to prices and floor plans. An agent will get in touch with you as soon as possible. |
||||||
| Plan | Suite Name | Suite Type | Size | View | Availability | |
|---|---|---|---|---|---|---|
 |
THE FLATS AT RAINBOW LAKE CLAY | 1 Bedroom | 679 SQ FT | EAST | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE COBBLESTONE | 1 Bedroom | 679 SQ FT | WEST | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE COMPASS | 1 Bedroom | 705 SQ FT | EAST | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE FLINT | 1 Bedroom | 772 SQ FT | SOUTH | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE HARBOUR | 1 Bedroom | 659 SQ FT | SOUTH | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE LOOKOUT | 1 Bedroom | 723 SQ FT | EAST/SOUTH/WEST | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE OUTCROP | 1 Bedroom | 654 SQ FT | SOUTH | AVAILABLE | MORE DETAILS |
| Plan | Suite Name | Suite Type | Size | View | Availability | |
|---|---|---|---|---|---|---|
 |
THE FLATS AT RAINBOW LAKE RIDGE | 1 Bedroom + Den | 864 SQ FT | SOUTH | AVAILABLE | MORE DETAILS |
| Plan | Suite Name | Suite Type | Size | View | Availability | |
|---|---|---|---|---|---|---|
 |
THE FLATS AT RAINBOW LAKE BROOK | 2 Bedrooms | 1,056 SQ FT | EAST/SOUTH | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE EMBER | 2 Bedrooms | 1,056 SQ FT | EAST | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE FIREFLY | 2 Bedrooms | 1,055 SQ FT | NORTH/SOUTH/WEST | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE HEARTWOOD | 2 Bedrooms | 912 SQ FT | SOUTH | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE KINDLE | 2 Bedrooms | 1,056 SQ FT | SOUTH | AVAILABLE | MORE DETAILS |
 |
THE FLATS AT RAINBOW LAKE TAILWIND | 2 Bedrooms | 912 SQ FT | SOUTH | AVAILABLE | MORE DETAILS |
| Plan | Suite Name | Suite Type | Size | View | Availability | |
|---|---|---|---|---|---|---|
Floor Plans for The Flats at Rainbow Lake Coming Soon!Register now to get 1st access to prices and floor plans. An agent will get in touch with you as soon as possible. |
||||||
| Plan | Suite Name | Suite Type | Size | View | Availability | |
|---|---|---|---|---|---|---|
Floor Plans for The Flats at Rainbow Lake Coming Soon!Register now to get 1st access to prices and floor plans. An agent will get in touch with you as soon as possible. |
||||||
Related Blog
Will the Bank of Canada Interest Rate Cut Revive the Real Estate Market?
The Bank of Canada recently made waves by announcing a 25-basis interest rate drop, which led to a lot of
The Minimum Monthly Income To Get A 400K – 900K Mortgage In Canada
Buying a home is an exciting journey with a touch of anxiety, especially if you’re a first-time homebuyer. In most
The 2024 Step-by-Step Guide for First-time Home Buyers in Canada
We all dream of buying our first home at some point. While it’s a memorable time in our lives, it
Condo Fees 101 – Everything You Wanted to Know About Condo Fees
If you are in the market and looking to buy a condo, you will be pleased to know that in
RESALE OR PRE-CONSTRUCTION CONDO – THE BETTER CHOICE
If you are reading this, it’s obvious that you are looking at investing in a condominium.And if you prefer the
The Ideal Condo Buyer – Are You One?
Are condos a good investment? Yes, Condos remain a hot commodity whether you’re looking for a home of your own
Similar Condos
Explore other similar condo or home developments that offer comparable amenities, prime locations, and modern designs, perfect for discerning buyers and investors.
Similar Condos
Explore other similar condo or home developments that offer comparable amenities, prime locations, and modern designs, perfect for discerning buyers and investors.
Awards & Achievement
Awards & Achievement