7 Phelps Lane 11
Oak Ridges, Richmond Hill, L4E 1J4
FOR SALE
$888,888

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Property Description
Introducing this nearly new, south-facing condo townhome in the highly desirable Oak Ridges neighborhood, where luxury, functionality, and location come together seamlessly. With over 30k in upgrades, this home stands out, offering breathtaking, unobstructed views of green space. It includes 2 balconies with clear south views & a rooftop terrace, 2 remote control blinds in living room and master bedroom, Floor-to-ceiling windows flood the home with natural light, creating a bright, inviting atmosphere. Inside, you will find 9-foot smooth ceiling, elegant stained stairs, and durable laminate flooring throughout. The open-concept layout features an upgraded modern kitchen with central island breakfast bar, quartz countertop, stylish backsplash, and stainless steel appliances. The spacious Living/Dining area leads to a walk-out balcony-perfect for entertaining or enjoying peaceful moments with a stunning view. The spacious primary bedroom boasts a luxurious ensuite with a frameless shower, while the second bedroom also enjoys its own private balcony. A conveniently located laundry room is situated on the upper floor. The private rooftop terrace (381 sq ft) is an entertainer's dream, featuring a gas hookup for your BBQ. Additionally, a large utility/storage room is located on the top floor. With easy access to Yonge Street, public transit, Lake Wilcox, parks, and trails, this home offers the ultimate in convince and comfort. Don't miss this exceptional opportunity! Schedule your viewing today! **EXTRAS** POTL $210.72/m to cover Waste & Snow Removal, Landscaping, Road Maintenance & Parking
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Nearby Intersections
Property Features
Clear View, Lake/Pond, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Townhouse, Stacked Townhse
Approximate Sq.Ft.
1200-1399
Taxes
$4,377 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Built-In
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Great Rm | 2nd | 14.99' x 22.08' | W/O To Balcony, Open Concept, Laminate |
Kitchen | 2nd | 7.97' x 9.97' | Breakfast Bar, Stainless Steel Appl, Quartz Counter |
Prim Bdrm | 3rd | 14.37' x 10.89' | O/Looks Garden, Window Flr to Ceil, Laminate |
2nd Br | 2nd | 8.60' x 10.99' | O/Looks Garden, Window Flr to Ceil, W/O To Balcony |
Furnace | 3rd | 6.89' x 8.86' |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
7 Phelps Lane 11 is a 2-bedroom 3-bathroom townhome listed for sale at $888,888, which is $91,388 (11.5%) higher than the average sold price of $797,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom townhome in Richmond Hill declined by $252,500 (24.0%) compared to the previous 30 day period (December 22 - January 20) and up $72,750 (10.0%) from the same time one year ago.Inventory Change
There were 12 2-bedroom townhomes listed in Richmond Hill over the last 30 days (January 21 - February 19), which is up 20.0% compared with the previous 30 day period (December 22 - January 20) and down 40.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom townhomes in Richmond Hill typically sold ($8,537) (1.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $70,463 increase compared to the previous 30 day period (December 22 - January 20) and $11,300 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 2-bedroom townhomes in Richmond Hill over the last 30 days (January 21 - February 19) stood at 66.7%, up from 10.0% over the previous 30 days (December 22 - January 20) and up from 20.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom townhome in Richmond Hill stood at 44 days when successfully sold over the last 30 days (January 21 - February 19), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Heritage Group Ltd.
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