All-Brick Bungalow with Walkout Basement in Fenwick

Property details for 16 Cherry Ridge Boulevard, Pelham

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 59.2 x 152.6 FT
Stories: 1
Basement: Finished, Walk out, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,405 (2025)

This all-brick bungalow sits on a 59x152 lot in Cherry Ridge, giving you close to 2,000 square feet of finished living space with a full walkout basement. The main floor has vaulted ceilings in the great room, a gas fireplace, and Palladian windows that flood the space with light. Hardwood floors run through the open-concept layout, and the oak kitchen has a centre island with a built-in buffet in the dining area. Two bedrooms are up here, plus a 4-piece bath and laundry, so you don't have to haul clothes downstairs. There's also a big pantry closet and enough room to add an ensuite if you want. The walkout basement is the real bonus, with large windows, a second gas fireplace, a third bedroom, and another full bath, plus a family room with space for a pool table or whatever. That setup works great for guests or multi-generational living. The deck off the dining area overlooks the back yard. You're a short stroll to Fenwick's main strip and Centennial Park. Listing's priced at $899,900, which is above the $794,900 median nearby, but you're getting that rare walkout and a brick exterior. Two other places are listed in the area right now, and this one's been on the market for a day, so if you want to see it, move fast.

About 16 Cherry Ridge Boulevard, Pelham — Property Score

Great Location Feature Rich

Score: 65/100

Value

Priced 9.3% below area median of $992,500 based on 54 comparable properties nearby 84

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - 1 fewer than similarly priced properties nearby 48

9,034 sqft lot - a generous lot for the area 78

Location

$103K median household income - above the Canadian average of $70K 81

84% of residents hold postsecondary credentials - a highly educated neighbourhood 91

96% homeownership rate - indicating a stable, owner-occupied community 97

66% of residents commute under 30 minutes - excellent commuter accessibility 83

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

Market

Just listed - area average is 103 days on market 100

-12.1% median price change over 1 month - declining prices in the area 1

72 months of housing supply - 72 active listings with 1 sold last month (buyer's market) 40

Features

4-car garage - area average is 9.9 spots 95

Finished, Walk out, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0.71% effective tax rate ($6,405/yr) - below the Canadian average of ~1% 79

4% renter population - primarily owner-occupied area 35

Quality

Condition

Listing

30 photos provided - below 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.