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Listed 1 month ago

501 GORHAM Road

335 - Ridgeway, Fort Erie

$899,000

Detached|Bungaloft
4 | 4 | 7
About this home

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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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungaloft
Approx. Age6-15
Size2000-2500 sq. ft.
Property Tax$6,400
Lot Size65 ft x 140 ft
mls© NumberX13850076
Listed ByCIRCLE REAL ESTATE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,601
Property tax
$533
Heat allowance
$150
Housing costs
$5,285 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $179,800
25-yr amortization

Income needed

$163,000

gross annual household income

Payment at 4%
$3,783 / mo
Cash down
$179,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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