For Sale

489 Memorial Drive, Pelham, Ontario L0S 1C0

$799,000

489 Memorial Drive, Pelham, Ontario L0S 1C0 is For Sale and has a listing price of 799,000. The property is located in the Pelham . It's been on the website for 27 Days.

  • Detached
    Property Type
  • 2
    Bedrooms
  • 1
    Bathrooms
  • MLS ID: X12299269
  • Office Name ROYAL LEPAGE NRC REALTY
Property 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
  • Bedrooms: 2
  • MLS ID: X12299269
  • Bathrooms: 1
  • Price: $799,000
  • Lot Depth: 181
  • Transaction Types: For Sale
  • Ref ID: X12299269
  • Year Built: N/A
  • Approx Sqft: 700-1100
  • Dir / Cross St: Canboro
  • Status: Active
  • Tax Year: 2025
  • Property Type: Detached
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
07/22/2025 X12299269 $799,000 For Sale - -
09/04/2024 X9298981 $749,900 Sold 11/23/2024 $700,000
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Pelham
  • $1,176,288 Average List Price
    based on 1 year
  • 2 New Listings
    based on 30 days
  • 80 Median Days on Market
    based on 1 year
  • List vs. Selling Price 213.36 % Up
  • Sold (12mo) 39
  • Rented (12mo) 34

  • 1 Month Change +1.1%
  • 3 Month Change +42.6%
  • 6 Month Change -68.9%
Walkscore
Property Type Distribution
  • All Houses
    78.11%
  • Commercial
    7.16%
  • Condo
    14.46%
  • Land for Sale
    0.27%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Bungalow
  • Washroom Type1: 1
  • Garage Type Attached
  • Parking Spaces: 6
  • Exterior Wood, Brick Veneer
  • Kitchen Y
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $4,392
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 22/07/2025 12:44:28
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