7 Richmond Ave

Kitchener, N2G 1Z1
FOR SALE
$894,900
7 Richmond Ave, Kitchener
7 Richmond Ave
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4
BEDROOMS
2
BATHROOMS
1
KITCHENS
13
ROOMS
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Property Description
Discover a rare gem in Victoria Park! This well-maintained century home sits on a quiet cul-de-sac with charming park views. Inside, a welcoming foyer opens to a bright living and dining area featuring hardwood floors, original woodwork, and a striking stained glass window. The modern kitchen offers soft-closing cabinets, quartz countertops, and stainless steel appliances. On the main floor, a side entrance with a mudroom, a three-piece bathroom, and a flexible space with a skylight add extra convenience. Upstairs, two spacious bedrooms share a bonus den with built-in closets, along with an updated bathroom complete with a clawfoot tub. The top-floor loft serves as a roomy primary retreat with built-in bookshelves and dual closets. A finished lower level provides a bright recreation room or office, extra storage, and laundry facilities. Recent upgrades include a new furnace, updated A/C, enhanced electrical, and mostly new windows. Outside, enjoy a fully fenced backyard with a patio, attached garage, and driveway parking for two cars all within walking distance to downtown Kitcheners amenities and Victoria Park.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-07 2024-12-31 119 $799,900 - Expired
2024-05-02 2024-07-03 62 $949,000 - Terminated
2023-04-25 2023-06-30 67 $998,000 - Expired
2023-04-25 2023-06-30 68 $998,000 - Expired
Property Features
Fenced Yard, Golf, Hospital, Lake/Pond, Park, Place Of Worship
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
40' x 86'
Fronting
West
Taxes
$4,621 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain12.40' x 14.17'
DiningMain9.91' x 13.32'
KitchenMain11.58' x 13.32'
BathroomMain6.17' x 6.33'3 Pc Bath
BrMain11.15' x 13.58'
2nd Br2nd11.25' x 11.91'
2nd Br2nd11.42' x 11.52'
Bathroom2nd6.27' x 6.66'
Prim Bdrm3rd11.58' x 26.35'
RecBsmt11.58' x 19.32'
LaundryBsmt12.60' x 20.57'
FoyerMain4.43' x 12.40'
Kitchener Market Statistics
Kitchener Price Trend
7 Richmond Ave is a 4-bedroom 2-bathroom home listed for sale at $894,900, which is $135,100 (13.1%) lower than the average sold price of $1,030,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Kitchener increased by $15,625 (1.5%) compared to the previous 30 day period (December 22 - January 20) and up $186,760 (22.1%) from the same time one year ago.
Inventory Change
There were 38 4-bedroom homes listed in Kitchener over the last 30 days (January 21 - February 19), which is up 40.7% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold ($26,300) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,528 decrease compared to the previous 30 day period (December 22 - January 20) and $2,761 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 4-bedroom homes in Kitchener over the last 30 days (January 21 - February 19) stood at 39.5%, down from 44.4% over the previous 30 days (December 22 - January 20) and down from 80.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Kitchener stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Wolle Realty
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