$759,900 - 75 Olympic Drive, Kitchener
Detached for Sale in Kitchener
New — Listed 3 days ago- MLS Number
- X13426066
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- CENTURY 21 HERITAGE HOUSE LTD
Beautifully Renovated Legal Duplex Bungalow - Ideal for First-Time Buyers & Investors. Welcome to this gorgeous 3+3 bedroom, 3 bathroom bungalow located in a quiet, family-friendly neighbourhood, conveniently close to Highway 7/8, schools, shopping, and all amenities. Completely renovated from top to bottom in 2026, this property features a legal basement apartment, offering an excellent opportunity to generate rental income and help offset mortgage costs. The main floor boasts a stunning new white kitchen with quartz countertops and brand-new appliances, a bright and spacious living area filled with natural light, three generous bedrooms, and a beautifully renovated bathroom. Additional upgrades include pot lights throughout, new flooring, new interior doors, stackable laundry, a new furnace, new air conditioner, updated electrical work, and a 200-amp electrical panel. The legal basement apartment has been completed with permits and offers a bright kitchen and dining area, three excellent-sized bedrooms, two full bathrooms, and its own stackable laundry. This well-designed lower unit provides outstanding rental potential for investors or multi-generational living. Outside, you'll find a detached single-car garage, parking for up to four vehicles, and a good-sized backyard perfect for summer enjoyment and entertaining. This move-in-ready property is an exceptional opportunity for first-time home buyers, investors, or anyone seeking a turnkey home with income potential. Don't miss your chance to own this fully renovated legal duplex in a desirable location!
Estimate your monthly payments for this property
Estimated Payment
$3,898.68/mo
Includes CMHC insurance ($21,201)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
75 Olympic Drive, Kitchener
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1086/sqft, this property is priced in line with current Kitchener market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Kitchener's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kitchener.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.