227 Otterbein Rd

Kitchener, N2B 0A8
FOR SALE
$1,399,900
227 Otterbein Rd, Kitchener
227 Otterbein Rd
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4
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KITCHENS
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Property Description
OPEN HOUSE: Saturday February 15th, 2:00 PM - 4:00 PM. Welcome to 227 Otterbein Rd, a 2021-built Ridgeview Home in the desirable Blue Springs community of Kitchener. With nearly 3,000 sq. ft. of living space, this home looks brand new and boasts exceptional quality craftsmanship and high-end finishes throughout. The unique architectural design and concrete driveway make a lasting first impression, while the large, welcoming foyer leads to an open-concept living area ideal for both family living and entertaining. The spacious mudroom off the garage, a large laundry room, and a conveniently tucked-away powder room add functionality to the elegant design. This home features hardwood stairs with iron rod spindles, designer lighting, and premium finishes in every room. The flex space on the second floor provides versatility, while the 4 bedrooms and 3 full bathrooms ensure ample space for your family. Two of the bedrooms have ensuites, and the spa-like primary ensuite includes a freestanding tub, private water closet, and a large vanity with beautiful quartz counters. With plenty of windows throughout, the home is filled with natural light, creating a bright and inviting atmosphere. The fireplace in the living room adds a cozy touch to the open-concept space. The fully fenced backyard features a beautiful patio, perfect for outdoor entertaining. With its luxurious finishes, thoughtful layout, and prime location this home is move-in ready and combines style, function, and modern living at its best.
Property Features
Fenced Yard, Grnbelt/Conserv, Park, Place Of Worship, Public Transit, Rec Centre
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
43' x 107'
Acreage
< .50
Lot Irregularities
42.82ft x 106.67ft x 38.78ft x 106.73ft
Fronting
South
Taxes
$7,802 (2024)
Basement
Full, Part Fin
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain25.66' x 16.40'
KitchenMain9.32' x 14.40'
DiningMain16.50' x 14.34'
LaundryMain8.17' x 18.18'
Powder RmMain3.67' x 8.07'
Br2nd12.50' x 12.17'W/I Closet, 5 Pc Ensuite
2nd Br2nd12.50' x 12.17'
3rd Br2nd14.99' x 12.17'
Bathroom2nd5.84' x 12.93'4 Pc Bath
4th Br2nd13.09' x 12.99'4 Pc Ensuite
Family2nd11.75' x 9.84'
Kitchener Market Statistics
Kitchener Price Trend
227 Otterbein Rd is a 4-bedroom 4-bathroom home listed for sale at $1,399,900, which is $367,959 (35.7%) higher than the average sold price of $1,031,941 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 4 bedroom home in Kitchener increased by $355,536 (52.6%) compared to the previous 30 day period (December 20 - January 18) and up $186,719 (22.1%) from the same time one year ago.
Inventory Change
There were 38 4-bedroom homes listed in Kitchener over the last 30 days (January 19 - February 17), which is up 35.7% compared with the previous 30 day period (December 20 - January 18) and up 22.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold ($25,882) (2.5%) below asking price over the last 30 days (January 19 - February 17), which represents a $21,026 decrease compared to the previous 30 day period (December 20 - January 18) and $2,550 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Kitchener over the last 30 days (January 19 - February 17) stood at 44.7%, down from 132.1% over the previous 30 days (December 20 - January 18) and down from 87.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Kitchener stood at 43 days when successfully sold over the last 30 days (January 19 - February 17), compared to 67 days before being removed from the market upon being suspended or terminated.
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