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.
6 days
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1,407
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120
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1675597
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Bedroom 1
Level: First
Bedroom 2
Level: Second
Bedroom 3
Level: Second
Bonus room
Level: First
Kitchen
Level: First
Living room
Level: First
Other
Level: Second
Other
Level: First
Heating
Baseboard, Hot Water
Cooling
None
Features
1st Floor Bedroom, Bathtub
Flooring: Carpet, Luxury Vinyl
Basement: Bulkhead,Interior Entry,Full
Has fireplace: No
Interior area
Total structure area: 2,357
Total interior livable area: 2,357 sqft
Finished area above ground: 2,357
Finished area below ground: 0
Property
Parking
Parking features: Paved, 5 - 10 Spaces, On Site, Off Street
Features
Levels: Multi/Split
Patio & porch: Deck
Has view: Yes
View description: Trees/Woods
Lot
Size: 1.5 Acres
Features: Near Shopping, Near Turnpike/Interstate, Near Town, Level, Open Lot, Landscaped, Wooded