Price Reduced 5.87%
Listing courtesy of Tami Lantz, Sherwood Real Estate 802-782-0821
Price History
$579,000
8/4/2025
$559,000
9/10/2025
$545,000
11/22/2025
$559,000
11/23/2025
$545,000
11/25/2025
123 Lake Street, Swanton, VT, 05488
17 rooms
6 beds
3 Full baths
1977
Multi-Level
2,632 sqft
Three Homes in one! Incredible opportunity for house hackers, investors, and homesteaders. This 11.85-acre property, zoned R1 (minimum 1-acre lots) for subdivision potential, offers over 3,300 sqft living space across 3 units - each with its own electric meter and 1st floor laundry. Reliable M2M tenants in the back house & side apt. Owner occupants - move right into the large unit with concrete basement, great for workspace & storage. Two front units feature pellet stoves as cozy backup heating. Oil heat is primary for all. With woods and level pasture, this land is perfect for a hobby farm, horses, or a hunting/gathering. It borders a Wildlife Sanctuary for privacy, views, and woodland friends. Includes over 1,400 feet of road frontage, 2 driveways, 2 sheds, garden space, 2 garages, and gazebo. Stone throw to Lake Champlain for boating and fishing. Minutes to Swanton Village amenities, St. Albans City, & the Canadian border. 1 hour to Montreal & 40 minutes to Burlington. Property is ideally positioned to capture strong rental demand in a high-traffic, quintessential New England vacation and outdoor adventure destination. Owners have made many improvements, including a renovated 1st floor in the main house. There are three additional unfinished 3rd floor rooms in the front apt - one plumbed for a bathroom - offering potential for a 4th unit or larger owner quarters. *Newer features* - roof, vinyl siding, knotty pine walls, updated electric, trim & paint. Motivated sellers.
Status:
Active
Type:
Multi-family
Units:
3
Zoning:
Res
Frontage:
1414
Garage:
1-car Garage
Heating:
Oil, Pellet Stove
Cooling:
None
Basement:
Concrete, Concrete Floor, Interior Stairs, Storage Space, Sump Pump
Parking:
Heated Garage, Deeded, Driveway, On-Site, Parking Spaces 6+, Paved, RV Access/Parking
Acreage:
11.85
Est. Taxes:
$6,081
Lot Description:
Country Setting,Horse/Animal Farm,Field/Pasture,Landscaped,Level,Major Road Frontage,Recreational,View,Wooded,Near Shopping,Near Hospital,Near ATV Trail
Elementary School:
Swanton School
Middle School:
Swanton School
High School:
Missisquoi Valley UHSD #7
MLS #:
5055086