Sold for:Sold Feb 3, 2025
$824,900

16 Overlea Crescent

Kitchener, ON N2M 5A9

Multiplex SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 16 Overlea Crescent, Kitchener

2025-01-15
2025-02-03
Sold
Price
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MLS#
x11925065

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 16 Overlea Crescent, Kitchener

NEWLY UPDATED LEGAL DUPLEX MAIN FLOOR VACANT, BASEMENT UNIT TENANTED UNTIL THE BEGINNING OF APRIL 2025: Experience the charm of urban living in this thoughtfully updated duplex, ideally situated in Kitchener's Forest Hill neighborhood.Ideal for first-time buyers, savvy investors, and house hacking enthusiasts, this property offers a rare blend of substantial investment potential and refined living. This prime investment opportunity features 2 meticulously designed units that seamlessly combine comfort and functionality. The main level of this bungalow boasts a spacious 3-bedroom layout with an eat-in kitchen, a 3-pce bath, inviting living and dining rooms, and the convenience of in-suite laundry. The walk-out lower unit with separate entrance, offers a versatile potential 3-bedroom layout, complete with an eat-in kitchen, both a 4-pce and a 3-pce bathroom, living room with walk out access to the backyard, and in-suite laundry. Outside, an expansive private backyard with mature trees creates a serene environment for relaxation or entertaining. Additional highlights include a fenced backyard with a storage shed, a covered back porch and patio, and parking for up to three vehicles, offering both practicality and outdoor enjoyment. This home is ideally located near parks, schools, and community centres. Highland Hills Mall is 3 minutes away, Sunrise Shopping Centre is 5 minutes, and St. Marys Hospital is just a 4-minute drive. The University of Waterloo, Wilfrid Laurier University, and Grand River Hospital are all within 10 minutes. With easy access to public transportation, Highway 8, and the 401, this property ensures convenient connectivity. The Kitchener GO Transit Station is only 10 minutes away, making it perfect for commuters. This home offers a blend of location, convenience, and functionality.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,220
Land Transfer Tax Fee
$12,973

Rental Items

Rental Equipment
Utilities include a financed Enercare A/C at $124.91/month (buyout $4,770), a water heater rental through the City of Kitchener at $24.13/month, a water softener at $22.20/month, and a reverse osmosis (RO) water system at $19.80/month.
Under Contract
Hot Water Heater, Water Softener, Water Purifier

Basement Type
Finished with Walk-Out, Separate Entrance

Interior Features

Interior Extras
Water Heater, Water Softener
View
Garden
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Landscaped, Patio, Deck
Pool
None
Property Features
Rec./Commun.Centre, School, Park, Public Transit, Hospital, Place Of Worship
Other Structures
Garden Shed

Building

Building Type
Multiplex
Building Style
Bungalow
Approx Age
51-99

Construction

Exterior Finish
Brick, Vinyl Siding
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
40.07 ft
Lot Depth
100.24 ft
Lot Shape
Irregular

Inclusions

Inclusions
Fridge, Stove, Washer, Dryer x's 2.

Exclusions

Exclusions
Tenants belongings.

Parking & Garages

Garage Type
None
Garage Spaces
3
Parking Spaces
3
Total Garage And Parking Spaces
3

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
3 + 3
Washrooms
3
Kitchens
2

Room sizes

  • Bedroom—
    Main level
  • Dining Room—
    Main level
  • Kitchen—
    Main level
  • Living Room—
    Main level
  • Bedroom—
    Main level, Combined w/Office
  • Primary Bedroom—
    Main level
  • Bedroom—
    Lower level
  • Kitchen—
    Lower level
  • Laundry—
    Lower level
  • Living Room—
    Lower level
  • Bedroom—
    Lower level, Combined w/Office
  • Bedroom—
    Lower level, Combined w/Den

Washrooms

  • 3-piece, Main
  • 3-piece, Lower
  • 4-piece, Lower

Municipality
Kitchener
Main cross streets
Queens Boulevard to Overlea Drive, then Overlea Crescent.

MLS® number
X11925065
Data source
Toronto Regional Real Estate Board
Status change
2025-02-03
Listed on
2025-01-15
Days on market
19 days
Possession type
Flexible
Co-op commission
2% + HST
Seller
Listed by
RE/MAX TWIN CITY REALTY INC.

Home Market Value

Current home valuation for 16 Overlea Crescent, Kitchener, , . Listed for $824,900

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Estimated Sales Range

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HOMEH Estimate for 16 Overlea Crescent, Kitchener

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Mortgage Payment Calculator

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Minimum Down Payment Required:7.0%

5% on first $500K + 10% on $324,900 over $500K

Minimum down payment

$57,490

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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=Total mortgage
$797,843$765,425$720,798$659,920
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=Mortgage payment
$3,895monthly$3,737monthly$3,519monthly$3,222monthly
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Land Transfer Tax

Provincial

$12,973

Total Land Transfer Tax

$12,973

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