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Property Type: Detached HouseOwnership: Freehold
77 OVERLEA DRIVE
Kitchener, ON N2M1S9
MLS® X13686924
$499,000
4 bed2 bath3 parking
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 29.9 x 95 FT
- Frontage
- 29.1 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,134
Interior
- Basement
- Apartment in basement, Separate entrance, N/A, N/A
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | — |
| Bathroom | Basement | — |
Description
Located in the desirable Forest Hill neighbourhood, this beautifully renovated freehold semi-detached bungalow is move-in ready and offers an exceptional opportunity for investors and first-time homebuyers alike. With a legal second dwelling and separate entrance basement apartment, this property delivers a compelling income-generating opportunity from day one.The newly renovated kitchen features stunning quartz countertops, a matching quartz backsplash, an undermount sink, and sleek stainless steel appliances. The upper level boasts a bright living and dining area with pot lights throughout, three well-appointed bedrooms, a three-piece bathroom, and has been freshly painted top to bottom. The legal basement apartment includes a full kitchen, dining area, full bathroom, and separate laundry - ideal for comfortable independent living.Recent upgrades include a brand new roof and new insulation. The home sits on a spacious lot backing onto green space, with a large backyard featuring mature trees and ample parking. Conveniently located close to colleges, universities, Costco, the Boardwalk, restaurants, and top-rated schools. A true turn-key investment in one of the most sought-after neighbourhoods! (id:63159)
Listing Information
- MLS®
- X13686924
- Data last synced
- September 15, 2026
EXECUTIVE REAL ESTATE SERVICES LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: EXECUTIVE REAL ESTATE SERVICES LTD.
MLS® Number: X13686924
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$400/sqft
504 active listing(s)
Parking: 3 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$261.17
Total monthly cost$2,836.67
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,950
Stress test qualifying rate8.19%
Payment you must qualify for$3,675.66
Cash Needed at Closing
Minimum down payment$24,950
Estimated Land Transfer Tax (LTT)$6,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,905
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
