Property Type: Detached HouseOwnership: Freehold

261 OVERLEA Drive

Kitchener, BC N2M1T7

$735,000

4 bed2 bath5 parking1,054 sqft
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Property Details

Property & Lot

Sub-type
House
Style
Other
Stories
2
Frontage
60 feet

R2A

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,653.02

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Water meter, Water softener, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings

Exterior & Lot

Exterior features
Vinyl siding, Brick Veneer
Lot features
Corner Site, Sump Pump

Building

Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
5 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
3pc BathroomSecond level
4pc BathroomMain level
BedroomUpper Level12'0'' x 19'2''
BedroomUpper Level10'7'' x 10'7''
BedroomUpper Level9'9'' x 10'8''
Primary BedroomUpper Level10'7'' x 14'0''
KitchenMain level9'5'' x 20'0''
Living roomMain level10'8'' x 19'6''

Listing Information

MLS®
40836051
Listed
June 2, 2026
Time on market
On the market for 104 days
Data last synced
September 15, 2026

Listing provided by: HOMELIFE MAPLE LEAF REALTY LTD · Data source: CREA DDF.

Description

Great Start Home, very Well maintained, excellent location, Close to Highways, Stores, Hospital with all other amenities and transportation. Large upgraded eat in kitchen and private fenced backyard. Kitchen upgraded in 2022, Quartz countertop, backsplash, new cabinets and finished basement in 2022. Lots of Pot lights. Non-retrofitted Basement. (Air Conditioner + Furnace) = $ 145.99 per Month (id:63159)

Values & Trends

This listing

$697/sqft

Building average

No other active listings in this building

325 - Forest Hill average

$434/sqft

25 active listing(s)

Parking: 5 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

Cloudy

11°C

Cloudy

Humidity 92%

Wind ENE calm km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

25°

Thursday night

13°

Source: Environment and Climate Change Canada.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Mortgage & Ownership Cost Calculator

Minimum required: 6.6% ($48,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$588,000.00
Periodic payment — Principal & Interest (monthly)$3,793.58
Additional monthly expenses (strata, tax, utilities, etc.)$357.42
Total monthly cost$4,150.99
Interest paid over 5-yr term$168,522.49
Balance at end of term$528,907.90

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$48,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,278.94

Cash Needed at Closing

Minimum down payment$48,500
Estimated BC PTT$12,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$62,700

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. Verify all figures with a mortgage broker and lawyer before relying on them.

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