502 Ossipee Trail E, Gorham, ME 04038
Local realty services provided by:CENTURY 21 Advantage
502 Ossipee Trail E,Gorham, ME 04038
$427,500
- 3 Beds
- 3 Baths
- - sq. ft.
- Single family
- Closed
Office: exp realty
MLS#:1675597
Source:ME_MREIS
Price summary
- Price:$427,500
About this home
A rare opportunity in Gorham! Set on approximately 1.5 acres, 502 Ossipee Trail combines a 3-bedroom, 2-bath with a bonus room Cape with a full basement, finished two-story accessory building, expansive paved parking, and a large fenced backyard. The result is a distinctive property offering exceptional flexibility for an owner-operator, entrepreneur, or anyone who needs more room to live, work, create, or grow.
Formerly operated as a daycare, the detached accessory building offers infrastructure rarely found with a residential property, including finished space on both levels, existing plumbing, sinks, restroom facilities, and upper-level flex space. Subject to applicable approvals, possibilities may include conversion to an accessory apartment, renewed childcare use, or a qualifying resident-operated home occupation such as a professional office, personal-service or wellness space, instructional studio, creative workspace, or contractor's office. It could also provide valuable space for hobbies, storage, recreation, or other residential accessory uses.
The expansive paved parking area provides convenient access and room for multiple vehicles, while the spacious fenced backyard offers useful outdoor space. The main residence provides approximately 1,166 square feet of living area. Recent infrastructure improvements include a new boiler and electrical panel. The property has also been fully cleared out, giving the next owner a straightforward starting point for painting, cosmetic improvements, and personalization.
For someone maintaining separate home and workspace expenses, this property presents the possibility of bringing both together at one address. Live where you work, invest in your own property rather than continuing to lease separate space, and enjoy the flexibility to adapt as your needs evolve.
Bring your ideas and discover what this unique Gorham property could become....
Contact an agent
Home facts
- Year built:1977
- Listing ID #:1675597
- Updated:October 22, 2026 at 07:26 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Rooms Total:8
- Flooring:Carpet, Luxury Vinyl
- Bathrooms Description:Bathtub
- Bedroom Description:1st Floor Bedroom
- Basement Description:Bulkhead, Full, Interior Entry
Heating and cooling
- Heating:Baseboard, Electric, Heating, Hot Water, Oil
Structure and exterior
- Roof:Shingle
- Year built:1977
- Lot Features:Landscaped, Level, Near Shopping, Near Town, Near Turnpike/Interstate, Open Lot, Wooded
- Architectural Style:Cape Cod
- Construction Materials:Clapboard, Wood Frame
- Exterior Features:Deck
- Foundation Description:Poured Concrete
- Levels:Multi Level
Utilities
- Water:Private
- Sewer:Private Sewer
Finances and disclosures
- Price:$427,500
- Tax amount:$5,562 (2025)
Features and amenities
- Laundry features:Washer Hookup
Parking
- Parking description:5 - 10 Spaces, Off street, On Site, Paved
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