7 Richmond Ave

Kitchener, N2G 1Z1
FOR SALE
$799,900
7 Richmond Ave, Kitchener
7 Richmond Ave
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4
BEDROOMS
2
BATHROOMS
1
KITCHENS
13
ROOMS
X9305993
MLSID
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Property Description
Everything you need in a rare Victoria Park gem! This charming century home, set on a peaceful cul-de-sac with views of Victoria Park, has been well maintained. Step inside to find a welcoming foyer that leads to a classic floor plan, ideal for both everyday living and entertaining. The bright living room, which flows into a spacious dining area, showcases hardwood floors, original woodwork, and a beautiful stained glass window. The modern chefs kitchen offers tall soft-close cabinets, quartz countertops, and stainless steel appliances. The main floor also features a handy side entrance with a mudroom, a contemporary three-piece bathroom, and a cozy work-from-home space or bedroom with a skylight. The second floor hosts two generously-sized bedrooms with hardwood floors and a bonus den area with extensive built-in closet. An updated bathroom with a clawfoot tub and classic wainscoting completes this level. The top floor loft serves as a spacious primary bedroom retreat, complete with built-in bookshelves, dual closets, and plenty of room to unwind. The finished lower level adds a bright recreation room or home office, along with additional storage and laundry facilities. Recent updates include a new furnace (2021), A/C (2018), 200 amp electrical panel plus a sub-panel on second floor, and mostly new windows and light fixtures. The fully fenced backyard features a patio, an attached garage, and parking for two cars in the driveway. This home is perfectly situated within walking distance to downtown Kitcheners restaurants, shops, bike paths, trails, LRT, and the tranquility of Victoria Park.
Listing History
List Date End Date Days Listed List Price Sold Price Status
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 Details
Property Type
Detached, 2 1/2 Storey
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
3
Driveway
Available
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain12.40' x 14.17'
DiningMain9.91' x 13.32'
KitchenMain11.58' x 13.32'
BrMain11.15' x 13.58'
BathroomMain6.17' x 6.33'
Br2nd11.25' x 11.91'
Br2nd11.42' x 11.52'
Bathroom2nd6.27' x 6.66'
Prim Bdrm3rd11.58' x 26.35'
LaundryBsmt6.56' x 20.57'
RecBsmt11.58' x 19.32'
LivingMain12.40' x 14.17'
Kitchener Market Statistics
Kitchener Price Trend
7 Richmond Ave is a 4-bedroom 2-bathroom home listed for sale at $799,900, which is $150,775 (15.9%) lower than the average sold price of $950,675 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in Kitchener declined by $2,005 (0.2%) compared to the previous 30 day period (July 21 - August 19) and down $98,525 (9.4%) from the same time one year ago.
Inventory Change
There were 50 4-bedroom homes listed in Kitchener over the last 30 days (August 20 - September 18), which is up 8.7% compared with the previous 30 day period (July 21 - August 19) and up 61.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold $8,274 (0.9%) above asking price over the last 30 days (August 20 - September 18), which represents a $17,749 increase compared to the previous 30 day period (July 21 - August 19) and $38,532 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 (August 20 - September 18) stood at 62.0%, down from 89.1% over the previous 30 days (July 21 - August 19) 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 17 days when successfully sold over the last 30 days (August 20 - September 18), compared to 32 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Wolle Realty
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