$649,999 - 152 Overlea Drive, Kitchener
Semi-Detached for Sale in Kitchener
33 days on marketWant to see this home in person?
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- MLS Number
- X13747916
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Taxes (2025)
- $3,084
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Stunning Fully Renovated Semi-Detached in Prime Forest Hill Location! Welcome to this beautifully updated 2-storey semi-detached home, offering turnkey living in one of Forest Hill's most sought-after neighbourhoods. Renovated top to bottom, this home seamlessly blends modern design with functional living spaces-ideal for families, professionals, or investors. Main Features: Bright, open-concept main floor with large brand-new windows flooding the space with natural light Engineered laminate flooring throughout - stylish, durable, and carpet-free Smooth ceilings with recessed LED pot lights Freshly painted in neutral tones, ready for your personal touch Spacious living and dining areas, perfect for entertaining Modern kitchen featuring: Ample white shaker-style cabinetry Sleek quartz countertops & central island Brand new stainless steel appliances. Second Level: Three generously sized bedrooms with large closets Convenient second-floor laundry room Beautiful 4-piece main bathroom with contemporary finishes Elegant glass staircase railing adds a modern touch. Basement: Fully finished with a stylish 3-piece bathroom Utility/storage room for added convenience. Exterior: Fully fenced backyard, perfect for pets, kids, or entertaining Private outdoor space with low-maintenance landscaping. Prime Location: Located in the heart of Forest Hill, just minutes to: Top-rated schools Parks & community centres Shopping, dining & daily amenities Major highways and public transit for easy commuting Enjoy peace of mind with a completely updated, carpet-free home in a family-friendly neighbourhood. This is the one you've been waiting for!
Estimate your monthly payments for this property
Estimated Payment
$3,334.83/mo
Includes CMHC insurance ($18,135)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
152 Overlea Drive, Kitchener
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $591/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 33 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Kitchener properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.