$899,000

For sale

501 GORHAM Road, Fort Erie (Ridgeway) - Single Family for Sale

501 GORHAM Road, Fort Erie (Ridgeway), Ontario, L0S1N0

7 beds4 baths7 parking2,250 ft²65 × 140 ft (9,100 sq ft) lot sizeListed 36 days ago

Overview

This 7-bedroom, 4-bathroom home in Fort Erie is for sale offering roughly 2,250 sq ft of space. It has been on the market 36 days, fresher than the Fort Erie average of 111 days.

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Description

Stunning 4+3 bedroom home crafted by Mountainview Homes on an expansive 65x140 ft premium lot in a warm, family friendly community. Minutes from the QEW, Crystal Beach, the Peace Bridge, downtown Ridgeway, and everyday amenities. This property features parking for 8+ vehicles and a backyard complete with a concrete deck, charming gazebo, and 10x18 ft shed. Inside, enjoy a grand open to above great room bathed in natural light. The main level offers two bedrooms, including a primary suite with a 5-piece ensuite, while the second level features a cozy loft balcony overlooking the main floor and two spacious bedrooms. The fully finished basement includes three additional bedrooms, a full bathroom, dedicated laundry, and an open concept kitchen/living area--ideal for extended family, multi-generational living, or rental potential! A rare, versatile layout! Book your showing today! (id:66096)

Property Details

MLS®: X13850076
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 4 above · 3 below
Bathrooms: 4
Half Baths: 1
Parking: 7
Interior Size: 2,250 ft²
Lot Size: 65 × 140 ft (9,100 sq ft)
Frontage: 65 ft
Storeys: 1
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Features

Foundation: Poured Concrete
Exterior: Brick, Aluminum siding
Lot Features: Flat site, Gazebo, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Fort Erie (Ridgeway) listings, avg age

111d

Price / ft²

$400

List price

$899K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 7-bed single family in Fort Erie (Ridgeway) has been listed for 36 days, which is 75 days fresher than the city average of 111. Act while there is still low competition.

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Listed by CIRCLE REAL ESTATE · YAWAR ANWAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0S)

This home lists at $899,000, about 9.5× the local median household income of $95,000.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 85% above the area median.

Median household income: $95,000
Population: 60,409
Median age: 53.2
Owner / renter: 87% / 13%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0S)

$899,000· $400/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Property tax (est.)$533/mo

Total monthly$5,158

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$14,455

Est. closing costs$5,197

Total cash needed$84,552

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