72 Obermeyer Dr
Kitchener, N2A 1P6
FOR SALE
$799,900
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3 + 2
BEDROOMS2
BATHROOMS1 + 1
KITCHENS6 + 5
ROOMSX11935293
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Property Description
Welcome to 72 Obermeyer Dr., a rare opportunity to own a legal duplex with endless potential! This versatile property is ideal for multi-generational living or savvy investors looking for rental income. With separate meters for water, gas, and hydro, the home offers true independence for each unit. Both the upper and lower units are vacant and ready for new tenants or live in one unit and rent the other as a great mortgage helper. The oversized garage with a loft is a mechanics dream and may offer the potential to be converted into an additional dwelling unit (ADU), if the necessary permits can be obtained. Perfectly situated, this home is centrally located with easy access to shopping, schools, and bus routes. Commuting is a breeze with the expressway and Highway 401 just minutes away. Whether you're looking to live, rent, or expand, this property is brimming with possibilities! Legal duplexes with both units vacant don't come along very often. Don't miss the chance to make it yours.
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Property Details
Street
City
Property Type
Duplex, Bungalow-Raised
Lot Size
55' x 115'
Fronting
West
Taxes
$4,774 (2024)
Basement
Full
Exterior
Brick, Concrete
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 13.25' x 11.58' | |
| Br | Main | 8.23' x 10.99' | |
| Br | Main | 12.60' x 11.52' | |
| Dining | Main | 10.50' x 10.99' | |
| Kitchen | Main | 9.68' x 10.99' | |
| Dining | Bsmt | 12.83' x 19.09' | |
| Br | Bsmt | 12.50' x 11.32' | |
| Br | Bsmt | 13.16' x 11.32' | |
| Kitchen | Bsmt | 10.01' x 10.40' | |
| Utility | Bsmt | 7.15' x 10.83' |
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Kitchener Market Statistics
Kitchener Price Trend
72 Obermeyer Dr is a 3-bedroom 2-bathroom home listed for sale at $799,900, which is $302,187 (60.7%) higher than the average sold price of $497,713 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Kitchener declined by $205,002 (29.2%) compared to the previous 30 day period (November 19 - December 18) and down $251,753 (33.6%) from the same time one year ago.Inventory Change
There were 28 3-bedroom homes listed in Kitchener over the last 30 days (December 19 - January 17), which is down 54.8% compared with the previous 30 day period (November 19 - December 18) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Kitchener typically sold ($147) (0.0%) below asking price over the last 30 days (December 19 - January 17), which represents a $2,323 increase compared to the previous 30 day period (November 19 - December 18) and $6,620 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 3-bedroom homes in Kitchener over the last 30 days (December 19 - January 17) stood at 585.7%, up from 141.9% over the previous 30 days (November 19 - December 18) and up from 93.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Kitchener stood at 21 days when successfully sold over the last 30 days (December 19 - January 17), compared to 95 days before being removed from the market upon being suspended or terminated.Listing contracted with Peak Realty Ltd.
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