Renovated 2025 Bungalow on 191x230-ft Lot Near Fonthill

Property details for 1581 Rice Road, Pelham

Type: Residential
Style: Bungalow
Bedrooms: 5
Bathrooms: 3
Lot Size: 191.7 x 230.7 FT
Stories: 1
Basement: Finished, Full
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Wood
Ownership: Freehold
Annual Taxes: $6,581 (2025)

This place is a rarity: a 2025-finished basement under a 2020 addition, all on a massive 191x230-ft lot just minutes from Fonthill's main strip. You get 5 beds, 3 baths, and over 4,000 sq ft of space that's all finished. The main floor alone has 4 bedrooms, including a primary with a walk-in closet and a 5-piece ensuite. There's also main floor laundry, which is a win. The basement adds a fifth bedroom, a full bath, a family room, and a huge rec room with a fireplace wall and bar. Wood exterior, forced air gas heating, and central air keep things low-maintenance. Outside, the fully fenced yard is lined with mature trees, and there's a breezeway connecting to the detached 2-car garage. You'll find parking for a dozen cars if you need it. The lot isn't just big; it's shaped with real depth, giving you plenty of green space. Taxes run about $6,581 a year, and the price sits at $1.35M, which is a bit above the nearby median of $1.1M. But you're paying for the renovations and the lot. Walking distance to downtown Fonthill, plus quick highway access for commuting. Seaway Mall is 4 km away, Short Hills Provincial Park is 5.6 km. Homes here are moving fast, averaging 10 days on market. If you need space and don't want to be stuck in suburbia, this is worth a look.

About 1581 Rice Road, Pelham — Property Score

Feature Rich Great Location

Score: 65/100

Value

Priced 12.5% above area median of $1,199,900 based on 47 comparable properties nearby 51

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

3 bathrooms - typical for similarly priced properties 60

44,225 sqft lot - an oversized lot for the area 90

Location

$80K median household income - near the Canadian average of $70K 70

93% of residents hold postsecondary credentials - a highly educated neighbourhood 99

77% homeownership rate - indicating a stable, owner-occupied community 84

71% of residents commute under 30 minutes - excellent commuter accessibility 86

403/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 39 days on market 100

-15.5% median price change over 1 month - declining prices in the area 1

81 months of housing supply - 81 active listings with 1 sold last month (buyer's market) 40

Features

12-car garage - more than the area average of 10.9 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.49% effective tax rate ($6,581/yr) - very low tax burden 85

23% renter population - primarily owner-occupied area 57

Quality

Condition

Listing

50 photos provided - 28% more than the area average of 39 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.