A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, water/lake/river/ocean view for 489 Memorial Dr, Pelham Ontario L0S 1C0
2 days on Market

489 Memorial Dr, Pelham, Ontario L0S 1C0

Detached
1
1
~700-1100 sqft
$799,000
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Detached
1
1
~700-1100 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$934/sqft

Monthly cost

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Description

Set on a full acre, this property offers a peaceful rural setting with mature trees surrounding the perimeter and a gentle slope that follows the natural contour of the Fonthill Kame - an elevated moraine known for its rich soil and freshwater springs. The lot is level enough for construction but shaped by its surroundings in a way that adds character and privacy. Buyers have options here: renovate and expand the existing home, or remove it and build new. Either way, the presence of a dwelling allows for traditional mortgage financing - something typically unavailable when purchasing vacant land. In addition, the existing home may qualify a future build for a development charge credit, providing significant cost savings for those planning a new home. Water access could be arranged through a drilled well, tapping into the underground glacial streams that this area is known for. Municipal water may also be available - buyers to do their own due diligence. An up-to-date survey was completed in March 2025 and is available for review. Located just minutes from the shops, schools, and services of Pelham, this property combines country calm with easy access to town conveniences. Its a flexible opportunity for buyers wanting to plan and build with space and vision in mind. Take advantage of this market and make 498 Memorial Drive your next address!


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size40,725 SqFt(181 x 225)
Parking Spaces8
MLS ®NumberX12299269
Community NameNorth Pelham / Effingham / Fenwick
Data SourceTRREB
Listing byROYAL LEPAGE NRC REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Unfinished, Full

Main Floor

Living

5.97 x 3.81

Kitchen

5.05 x 4.67

Primary

3.76 x 3.45

2nd Br

3.45 x 3.4


Features

Lot size: 40,725 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 6

Total parking spaces 8


Property listed by ROYAL LEPAGE NRC REALTY, Brokerage
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Market Data - North Pelham / Effingham / Fenwick

Geo Zone Map ThumbnailNorth Pelham / Effingham / Fenwick

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

47 days

Compared to

2024

30 days

2023

61 days

2022

0 day

New Listings

Past 30 days

10 listings

Compared to

2024

15 listings

2023

10 listings

2022

13 listings

Units sold

Past 30 days

2 units

Compared to

2024

5 units

2023

8 units

2022

0 unit

Median Sold Price

Past 30 days

$1,222,500

Compared to

2024

$779,000

2023

$1,181,750


Population and Demographics

Overview

Total population 3751
Average household income $159,561

Age (%)

0 to 19
21%
20 to 34
14%
35 to 49
15%
50 to 64
25%
65 and plus
24%

Household composition (%)

Single family
80%
Single person
17%
Multi person
1%
Multi family
1%

Mother tongue (%)

English
90%
Others
3%
Dutch
2%
French
1%
German
1%
Italian
1%

House tenancy (%)

Owners
90%
Renters
10%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget