Price Reduced 13.66%

$499,900 ($189.93 per sqft)

Est. Mortgage $2,430/mo *

Quick Pre-Approval

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

$530,000
3/3/2026

$499,900
5/15/2026


123 Lake Street, Swanton, VT, 05488

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 extraordinary 11.85-acre property, zoned R1 (minimum 1-acre lots) for HUD/subdivision potential, offers over 3,500 sqft living space across 3 units - each with its own electric meter and 1st floor bedroom, bath, & laundry. Reliable M2M tenants in the back house & side apt - bringing in $3,471/month. Owners occupy the expansive front apt, and they plan to move upon property transfer, providing the opportunity for new owners to move right into the large unit with clean, concrete basement, which is a great workspace during the winter months. Two front units feature pellet stoves as cozy backup heating. Oil heat is primary for all. With woods and level pasture, this large lot of land is perfect for a hobby farming, horses, or a hunting/gathering lifestyle. It borders a Wildlife Sanctuary for privacy, views, and woodland friends. Includes over 1,400 feet of road frontage, 2 driveways, 2 garages, shed, garden space, and gazebo. Located a stone-throw to Lake Champlain for boating and fishing. Only a few minutes to Swanton Village amenities, St. Albans City, & the Canadian border at Quebec. 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 "attic" of 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:

1416

Garage:

2-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 Paths,Near Shopping,Near Snowmobile Trails,Near Hospital,Near ATV Trail

Elementary School:

Swanton School

Middle School:

Swanton School

High School:

Missisquoi Valley UHSD #7

MLS #:

5055086


Community Info

School Info

Walk Score

Mass Transit

Yelp