7 Phelps Lane Unit 1

FOR SALE
$858,000
7 Phelps Lane Unit 1, Richmond Hill
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
7 Phelps Lane Unit 1
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2
BEDROOMS
3
BATHROOMS
1
KITCHENS
4
ROOMS
N11982573
MLSID
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Property Description
Welcome to this Beautiful Nearly New End Unit Condo Townhome in Lovely Oak Ridges. This 1,315 Sq Ft plus 479 Sq Ft Exterior Unit Boasts Sophistication, Elegance and Luxury. This Home Features Custom Designed Kitchen with Stone Countertops, Built-In High End Upgraded Appliances, Smooth Ceilings, Floor to Ceiling Large Windows, 9 Foot Ceilings, Conveniently Located Laundry on Upper Floor, Custom Built In Storage Units, Custom Closet Organizers, its Own Private Garage, Gorgeous Private Rooftop Terrace and Much More! This End Unit is Filled with Natural Light with no Obstruction on one side, shows like a Semi-Detached Home. The Private Rooftop Terrace is an Entertainer's Dream, and has a Gas BBQ Hookup. A Large Utility Storage Room is also located on the Top Floor, along with a Custom Built in Cabinet for Additional Storage. Prime Location with Easy Access to Yonge St., Public Transit, Lake Wilcox, Parks and Trails.
Nearby Intersections
Property Details
Community
Property Type
Condo Townhouse, Stacked Townhse
Approximate Sq.Ft.
1200-1399
Taxes
$4,477 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
Great Rm2nd11.09' x 20.21'W/O To Balcony, Open Concept, Laminate
Kitchen2nd8.60' x 10.30'Stone Counter, Backsplash, B/I Appliances
Prim Bdrm3rd8.60' x 11.09'Balcony, Closet Organizers, 3 Pc Ensuite
2nd Br3rd8.40' x 9.12'Closet Organizers, Window Flr to Ceil, Laminate
Richmond Hill Market Statistics
Richmond Hill Price Trend
7 Phelps Lane Unit 1 is a 2-bedroom 3-bathroom townhome listed for sale at $858,000, which is $60,500 (7.6%) 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 Vanguard Realty Brokerage Corp.
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