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SAGE Real Estate Ltd., Brokerage logo

Mark Savel

SAGE Real Estate Ltd., Brokerage

2010 Yonge St, Toronto, ON M4S 1Z9, Canada

Phone: 416-483-8000

Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

© 2026 Mark Savel. All rights reserved.

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Home/The Flats at Rainbow Lake Condos/Ridge

Ridge

Available3 resale · 6 rental

$595,800

$690/sq ft · Resale avg $537/sqft

1 Bed + Den·1.0 Bath·864 sq ft·West·$690/sq ft

Bedrooms

1 Bed + Den

Bathrooms

1.0

Size

864 sq ft

Exposure

West

1 / 3Next: Overlook
Ridge Floor Plan at The Flats at Rainbow Lake Condos - 864 sq.ft
Click to enlarge

Floor Range: 2-8

Price History

$596K$616K$635K$655K$675KNov 22May 23Sep 23

Launch Price

$674,800

$781/sq ft

Nov 1, 2022

Current Price

$595,800

$690/sq ft

▼$79,000 (-11.7%)

Comparable Listings Nearby

Beta

Similar 1 Bed + Den condo units nearby

For Sale6 listings
525 New Dundee Road, Unit 706For SaleStrong Match

$469,000

525 New Dundee Road, Unit 706

1 Bed1 Bath800-899 sqft
0.1 km·50d on mkt
525 New Dundee Road, Unit 413For SaleStrong Match

$419,900

525 New Dundee Road, Unit 413

1 Bed1 Bath800-899 sqft
0.1 km·Built 2023·31d on mkt
525 New Dundee Road, Unit 322For SaleStrong Match

$469,900

525 New Dundee Road, Unit 322

2 Bed2 Bath900-999 sqft
0.1 km·Built 2023·10d on mkt
525 New Dundee Road, Unit 610For SaleStrong Match

$419,000

525 New Dundee Road, Unit 610

1 Bed1 Bath700-799 sqft
0.1 km·Built 2023·41d on mkt
525 New Dundee Road, Unit 717For SaleGood Match

$420,243

525 New Dundee Road, Unit 717

1 Bed1 Bath700-799 sqft
0.1 km·Built 2023·38d on mkt
525 New Dundee Road, Unit 710For SaleGood Match

$439,000

525 New Dundee Road, Unit 710

1 Bed1 Bath800-899 sqft
0.1 km·Built 2023·66d on mkt
For Rent6 listings
525 New Dundee Road, Unit 306For LeaseStrong Match

$2,100/mo

525 New Dundee Road, Unit 306

1 Bed + Den1 Bath800-899 sqft
0.1 km·33d on mkt
525 New Dundee Road, Unit 418For LeaseStrong Match

$1,900/mo

525 New Dundee Road, Unit 418

1 Bed1 Bath700-799 sqft
0.1 km·29d on mkt
525 New Dundee Road, Unit 411For LeaseStrong Match

$2,000/mo

525 New Dundee Road, Unit 411

1 Bed1 Bath800-899 sqft
0.1 km·Built 2023·45d on mkt
525 New Dundee Road, Unit 519For LeaseStrong Match

$1,900/mo

525 New Dundee Road, Unit 519

1 Bed1 Bath700-799 sqft
<0.1 km·Built 2023·82d on mkt
525 New Dundee Road, Unit 821For LeaseStrong Match

$2,000/mo

525 New Dundee Road, Unit 821

1 Bed1 Bath700-799 sqft
0.1 km·Built 2023·20d on mkt
525 New Dundee Road, Unit 304For LeaseStrong Match

$2,400/mo

525 New Dundee Road, Unit 304

2 Bed2 Bath900-999 sqft
0.1 km·Built 2023·70d on mkt

864 sq ft × $0.39/sq ft = $337/mo

Monthly Mortgage (P&I)$2,526
Property Tax (est.)$323
Maintenance Fees$337
Total Monthly Cost$3,186
Est. Rental IncomeBeta−$2,275
Net Monthly Cost−$911

Down payment: $119,160 (20%) · Mortgage: $476,640

Estimates only. Property tax rate: 0.65%. Actual rates may vary. Consult a mortgage professional for accurate figures.

Rental estimate based on median of nearby comparable units (beta).

Resale MarketLive MLS
Developer Price$595,800
Est. Resale (3)$390,000
Market vs Developer-35%(below)
$/sqft $690→$451
Est. Rent (6)$2,275/mo
Est. Gross Yield4.6%

Active MLS Listings — Same Unit Type

525 New Dundee Road, Unit 413Sale

$419,900

525 New Dundee Road, Unit 413

1 Bed31d on mkt
525 New Dundee Road, Unit 710Sale

$439,000

525 New Dundee Road, Unit 710

1 Bed66d on mkt
525 New Dundee Road, Unit 706Sale

$469,000

525 New Dundee Road, Unit 706

1 Bed50d on mkt
525 New Dundee Road, Unit 217Lease

$2,000/mo

525 New Dundee Road, Unit 217

1 Bed10d on mkt
525 New Dundee Road, Unit 608Lease

$2,150/mo

525 New Dundee Road, Unit 608

1 Bed28d on mkt
525 New Dundee Road, Unit 411Lease

$2,200/mo

525 New Dundee Road, Unit 411

1 Bed6d on mkt
525 New Dundee Road, Unit 411Lease

$2,200/mo

525 New Dundee Road, Unit 411

1 Bed1d on mkt
525 New Dundee Road, Unit 205Lease

$2,250/mo

525 New Dundee Road, Unit 205

1 Bed45d on mkt
525 New Dundee Road, Unit 205Lease

$2,300/mo

525 New Dundee Road, Unit 205

1 Bed9d on mkt

Building Market

For Sale
$537/sqft
11on MLS
55 avg DOM
$419K–$551K
Developer
$748/sqft
6available
$526K–$596K
For Rent
$2.67/sqft
71on MLS
36 avg DOM
$2K–$3K

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