1047 RICHARD AVENUE, Ottawa

$749,000

For sale: Detached

Detached at 1047 RICHARD AVENUE, Ottawa
Property type
Detached
Bedrooms / bathrooms
4 bedrooms, 2 bathrooms
Living area
1,100 sqft
MLS®
MLS® X13730990
Neighbourhood
4601 - Billings Bridge

Welcome to 1047 Richard Avenue, a well-maintained bungalow set on a spacious 50 x 100 ft lot in Ottawa, offering excellent flexibility for families, multi-generational living, or potential rental income.The main level features a bright and functional layout with three generously sized bedrooms and a full bathroom, providing comfortable everyday living. The updated kitchen showcases granite countertops, tile flooring, and beautiful solid oak cabinetry, while hardwood flooring continues throughout the remainder of the main level. Large windows fill the home with natural light, creating a warm and inviting atmosphere.The lower level offers exceptional additional living space with a large family room featuring a gas fireplace, a fourth bedroom, flexible den space, partial bathroom, and a newly installed kitchenette. Combined with the convenient side entrance, this level provides an ideal setup for an in-law suite or potential income-generating unit.Outside, the expansive lot offers plenty of room for outdoor entertaining, gardening, or future landscaping projects.Ideally located within walking distance to parks, transit, and everyday amenities, this home presents a fantastic opportunity for homeowners seeking versatility or investors looking for added income potential in a desirable Ottawa neighbourhood.

Sold data

Detached homes in Ottawa — recent sold market

Detached homes in Ottawa took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 43, across 1,263 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.

The median sale price was $849,000.

Homes sold for about 1.9% below asking on average, so there was room to negotiate.

About 17% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$849,000
Sale-to-list ratio
98.1%
Sold above asking
17%

Based on 1,263 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1047 RICHARD AVENUE