1581 Rice Rd is a 4-bedroom, 3-bathroom detached home in Pelham, listed for $1,299,900. It has 2000-2500 sq ft of living space.
1An absolutely gorgeous rural home and property located on the doorsteps of the welcoming town of Fonthill.
2This 191 x 230 foot lot features an impressive 2,130 square foot above grade ranch bungalow plus fully finished basement, massive two car garage, and a peaceful fully fenced backyard space to top it all off.
An absolutely gorgeous rural home and property located on the doorsteps of the welcoming town of Fonthill. This 191 x 230 foot lot features an impressive 2,130 square foot above grade ranch bungalow plus fully finished basement, massive two car garage, and a peaceful fully fenced backyard space to top it all off. This wonderful home was transformed originally in 2020 with a large addition almost doubling the square footage and then again updated in 2023 with a brand-new open concept kitchen, dining, and living room space, thoughtful upgrades throughout, as well as completing the fully finished basement in 2025. On the main floor you will find 4 bedrooms in total including a large primary with a walk-in-closet and 5-piece ensuite bathroom, as well as an additional full 4-piece main bathroom, and a spacious main floor laundry room. The fully finished basement adds almost another 2,000 square feet of finished living space including a fifth bedroom, an additional living room area, a third full 3-piece washroom and a massive entertainment room including a fireplace feature wall and bar area. As you enter the backyard space you can't help but to feel the calm as you are surrounding by healthy mature trees, multiple lounge areas, access to the garage, a breezeway though from the front driveway, and loads of greenspace with amazing potential for even more backyard fun. Within walking distance to the charming city centre, restaurants, grocery store, and all necessities as well as quick access to the highway and central to everywhere you want to be in Niagara. This is an absolutely perfect example of a the ideal rural family property with the luxury of being right next to everything suburban life has to offer. An amazing option that you must see in person!
4 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $650 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1581 Rice Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
2000-2500 sq ftas stated on the listing
Parking
12 spacesYes garage
Basement
Full, Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
12
Interior
Basement
Full · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
1581 Rice Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$6,386
/mo
based on the purchase price of $1,299,900
$259,980 cash
$1,039,920 financed
$875,886 total interest
Principal54%$1,039,920
Interest46%$875,886
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Pelham
Other 3–6 bed homes for sale in Pelham around $1.3M.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings149Homes for sale here right now.
Median vs prior 90 days+6.6%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 104 sales from Jul 15 – Oct 13, 2026 (62 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1581 Rice Rd
How much is 1581 Rice Rd listed for?
1581 Rice Rd is listed at $1,299,900 (MLS® X13708944). Summitly updates the price as soon as the MLS® record changes.
Is $1,299,900 a good price for 1581 Rice Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Pelham. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1581 Rice Rd changed?
Yes — it was first listed at $1,350,000 and is now $1,299,900, a drop of $50,100 (3.7%).
How many bedrooms and bathrooms does 1581 Rice Rd have?
1581 Rice Rd has 4 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Pelham.
How much would the monthly mortgage be on 1581 Rice Rd?
About $6,386 a month — principal and interest on $1,299,900 with 20% down ($259,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1581 Rice Rd compare with other homes in Pelham?
Its asking price of $1,299,900 is about 52% above the median sold price in Pelham over the last 90 days, $852,500, across 104 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1581 Rice Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1581 Rice Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1581 Rice Rd?
1581 Rice Rd is in Pelham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1581 Rice Rd been on the market?
49 days — 1581 Rice Rd was listed on August 25, 2026.
What is the price per square foot of 1581 Rice Rd?
About $520 to $650 per square foot: the asking price of $1,299,900 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 1581 Rice Rd have parking or a garage?
Yes — the listing gives 12 parking spaces. Garage: Yes.
Does 1581 Rice Rd have a basement, and is it finished?
The listing describes the basement as: Full, Finished.
