502 Ossipee Trail EGorham, ME 04038

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Cape Cod

Year built

1977

Living area

2,357 Sq Ft

Lot size

1.50 acres

Zoning

SR

Days on market

42

MLS^® Listing#

1675597

Property Features

Cooling

None

Heating

Electric · Oil · Baseboard · Hot Water

Flooring

Carpet · Vinyl

Basement

Interior Entry · Full

Parking

Paved · On Site · Off Street

Laundry

Washer Hookup

Patio

Deck

Fencing

Fenced

Lot features

Level · Open Lot · Landscaped · Wooded

Construction

Clapboard · Frame

Roof

Shingle

Utilities

Natural Gas Not Available

Sewer

Private Sewer

Water source

Private

Rooms

Financial Details

HOA

None

Annual taxes

$5,562Tax year 2025