501 GORHAM Road, Fort Erie

$899,000
501 GORHAM Road

$899,000

New
27d
DetachedBungaloft

501 GORHAM Road, Fort Erie

Total Monthly Obligation $4,535

Beds
7
Baths
4
Park
5
Sqft
2000-2500
DOM
27d
Yield
4.1%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-X13850076
Beds-7
Bathrooms-4
Size-2000-2500 sqft
Lot Size-65 × 140 ft
Listed on site-Sep 26, 2026
Style-Bungaloft
Building Type-Detached
Age-6-15
Taxes-$6,400 (2025)
Parking-7 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CIRCLE REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-335 - Ridgeway
Title-Residential Freehold

No agent assigned

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!

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Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$4,535/mo
Mortgage $3,626
Monthly Loss $3,580
Principal$954
Interest$2,672
Property Tax$533
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 501 GORHAM Road

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