266 Overlea Dr
Kitchener, N2M 5N3
FOR SALE
$350,000
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Property Description
Charming 2-Bedroom Upper Unit Townhouse Condo in Forest Hill Welcome to stress-free living in this well-maintained 2-bedroom, 1-bathroom upper-unit townhouse condo in the highly desirable Forest Hill neighborhood of Kitchener. Whether you're a first-time buyer or looking to downsize, this home offers the perfect blend of comfort and convenience. Currently Tenant occupied the savvy Investor, could benefit from the low interest rates and enjoy a simple straightforward investment to add to their portfolio. Featuring ultra-convenient in-suite laundry, a private balcony, and a dedicated parking spot with ample visitor parking, this low-maintenance unit allows you to enjoy life without the hassleno snow to shovel, no grass to mow, and no repairs to worry about! Located close to restaurants, shopping, parks, and scenic trails, this move-in-ready home is in a fantastic community with everything you need just minutes away. Dont miss out on this amazing opportunity!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-07 | 2024-03-22 | 44 | $2,200 | $2,150 | Leased |
| 2023-09-01 | 2023-11-03 | 63 | $384,900 | - | Expired |
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Property Details
Street
City
Property Type
Condo Townhouse, Stacked Townhse
Approximate Sq.Ft.
700-799
Taxes
$1,744 (2024)
Basement
None
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Parking Spaces
1
Parking 1
Exclusive
Garage Type
None
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Kitchener Market Statistics
Kitchener Price Trend
266 Overlea Dr is a 2-bedroom 1-bathroom townhome listed for sale at $350,000, which is $149,949 (30.0%) lower than the average sold price of $499,949 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom townhome in Kitchener declined by $37,908 (7.0%) compared to the previous 30 day period (December 22 - January 20) and up $45,878 (10.1%) from the same time one year ago.Inventory Change
There were 19 2-bedroom townhomes listed in Kitchener over the last 30 days (January 21 - February 19), which is down 32.1% compared with the previous 30 day period (December 22 - January 20) and up 46.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom townhomes in Kitchener typically sold $0 (0.0%) below asking price over the last 30 days (January 21 - February 19), which represents a $10,571 increase compared to the previous 30 day period (December 22 - January 20) and ($4,914) more 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 2-bedroom townhomes in Kitchener over the last 30 days (January 21 - February 19) stood at 21.1%, down from 25.0% over the previous 30 days (December 22 - January 20) and down from 161.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom townhome in Kitchener stood at 8 days when successfully sold over the last 30 days (January 21 - February 19), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Realty Inc.
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