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Land with Home for Sale in Gorham, Maine

502 Ossipee Trl E, Gorham, ME 04038

$440,000
1.5 acres
Active sale
ago
Est $2,579/mo

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.

2,357
Sq feet
3
Beds
2
Full baths
1
1/2 bath
1977
Built

Location

Street address
502 Ossipee Trl E
Zip code
04038
Elevation
303 feet
Coordinates
43.7241, -70.5319

Property details

Acreage
1.5 acres65,340 sq ft
Zoning
SR
MLS #
MREIS 1675597
Posted

Parcels

  • GRHM-000076-000017

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Level, Near Shopping, Near Town, Near Turnpike/Interstate, Open, Well Landscaped, Wooded

Exterior

Parking
Off Street
Pool
Deck

Structure

Style
Cape Cod
Basement
Full
Water
Private
Sewer
Private Sewer
Heating
Baseboard, Electric, Hot Water, Oil
Materials
Clapboard, Wood Frame
Roof
Shingle

Interior

Room Count
8
Rooms
Basement, Bathroom x 3, Bedroom x 3, Bonus Room
Flooring
Carpet, Vinyl
Features
1st Floor Bedroom, Bathtub

Listing history

DateEventPriceChangeSource
Aug 11, 2026New listing$440,000MREIS
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This 1.5-acre property is located at 502 Ossipee Trl E in Gorham, ME 04038. The property is available for sale, priced at $440,000. It has a 2,357 square foot 3-bedroom, 2.5-bath house built in 1977.

Listed by eXp Realty, (856) 207-1951

Checked 2 hours agoUpdated Source

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