312 Otterbein Rd

Kitchener, N2B 3W1
FOR SALE
$1,999,000
312 Otterbein Rd, Kitchener
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
312 Otterbein Rd
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5
BEDROOMS
4
BATHROOMS
1
KITCHENS
12
ROOMS
X12021599
MLSID
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Property Description
The luxury lifestyle you've been looking for! Custom built on a greenspace lot, 312 Otterbein road is three levels of fully finished elegant style and beautiful details with nothing left to do but move in and enjoy. The stunning facade is a combination of front facing balconies and oversized windows illuminating the entire home with natural light, front to back. Large slabs of glass, quartz, porcelain, and wood are carefully crafted throughout the home giving off the vibe of a modern beach villa. The home was conceived for capacity and versatility; wide open foyer with ground level bedroom, 10' ceilings, laundry, 3 piece bathroom and sauna, and wrap around bar with appliances, perfect for entertaining. An open tread staircase enclosed in glass leads to the upper levels with an elevator as a convenient alternative. An impressive floor to ceiling wine display cabinet forms a wall between the office and the soaring 20' ceilings of the front facing family room complete with a modern feature wall. The kitchen was also designed for capacity with a huge "U' shaped island and matching coffered ceiling detail with extensive led pot lighting. Two tone kitchen colour combining white modern gloss cabinetry and warm wood finish, also featuring built in high quality stainless steel appliances. Finishing off the second level is the formal dining room siting adjacent to the covered backyard patio and hot tub. The top level offers 4 bedrooms; 2 with private ensuites and 2 sharing a jack and jill 5 pc bathroom. The primary suite sits along the back of the home overlooking greenspace; it features a walkin closet, built in wall of drawers, and a glass wall separates the bedroom from the luxury 5 PC ensuite. A double sliding door gives access to the private backyard facing balcony exclusive to the primary suite. In addition to style this home comes with in floor heating, built in surround sound, and smart home programming features. A true work of art in an excellent neighborhood!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-10 2024-08-02 53 $2,180,000 - Suspended
2023-08-02 2023-10-31 90 $2,450,000 - Suspended
Property Features
Grnbelt/Conserv, Park, Rec Centre, River/Stream, School, Skiing
Property Details
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
46' x 125'
Fronting
North
Taxes
$8,540 (2024)
Basement
Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Elevator
Yes
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerMain14.34' x 15.91'
BrMain12.83' x 13.32'
BathroomMain7.25' x 9.74', 3 Pc Bath
OtherMain7.15' x 6.17', Sauna
RecMain15.09' x 18.50'
LaundryMain10.01' x 3.84', Heated Floor
Office2nd11.25' x 14.67'Balcony, Heated Floor
Bathroom2nd6.33' x 7.09'Heated Floor, 2 Pc Bath
Family2nd15.68' x 17.91'Coffered Ceiling, Heated Floor
Kitchen2nd16.01' x 21.26'Coffered Ceiling, Heated Floor
Dining2nd14.50' x 15.42'Balcony, W/O To Deck, Heated Floor
Prim Bdrm3rd17.65' x 14.67'W/I Closet, W/O To Balcony, Ensuite Bath
Kitchener Market Statistics
Kitchener Price Trend
312 Otterbein Rd is a 5-bedroom 4-bathroom home listed for sale at $1,999,000, which is $665,000 (49.9%) higher than the average sold price of $1,334,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Kitchener increased by $269,000 (25.3%) compared to the previous 30 day period (December 22 - January 20) and up $754,000 (130.0%) from the same time one year ago.
Inventory Change
There were 7 5-bedroom homes listed in Kitchener over the last 30 days (January 21 - February 19), which is up 133.3% compared with the previous 30 day period (December 22 - January 20) and up 75.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Kitchener typically sold $49,100 (3.7%) above asking price over the last 30 days (January 21 - February 19), which represents a $12,088 increase compared to the previous 30 day period (December 22 - January 20) and ($19,913) 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 5-bedroom homes in Kitchener over the last 30 days (January 21 - February 19) stood at 28.6%, down from 133.3% over the previous 30 days (December 22 - January 20) and down from 75.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Kitchener stood at 55 days when successfully sold over the last 30 days (January 21 - February 19), compared to 77 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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