1. New York
  2. Saranac Lake
  3. 48 Old Lake Colby
$425,000

48 Old Lake Colby, Saranac Lake, NY 12983

  • 5 beds |
  • 3 baths |
  • 2,300 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon0.78acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $185/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Stunning stately 1920's home situated at the crest of a hill over looking the wooded area toward Lake Colby beach. The Main home used to be a two until but currently is used as a 5 bedroom 2.5 baths. It has a beautiful stone fireplace, with high beamed ceilings and lovely archways separating the rooms. The kitchen still remains on the second floor, so it could easily be converted back to a rental unit for a total of 4 units. The back 2 story unit has 2/one bedroom apartments on month to month leases which rent for $450 each, with tenants paying their own elec. and propane heat. What a great opportunity to own a large family home and have income to help pay the mortgage taxes and maintenance. A short distance to the rail trail, the beach and downtown Saranac Lake. Just minutes to AMC if you want to be close to work.

Listing Status:
Active
Date Added:
April 11, 2025 at 05:00AM
Listing Office:
Engel & Volkers Lake Placid Real Estate : colleen.holmes@evrealestate.com
Listing Agent:
Lisa McKenna : 518-524-1778
MLS ID:
203773
  • General: Beamed CeilingsCeiling Fan(s)Entrance FoyerHigh CeilingsIn-Law FloorplanPrimary Downstairs
  • Appliances: DishwasherFree-Standing Electric RangeFree-Standing RefrigeratorWasher/Dryer
  • Laundry: Laundry Room
  • Basement: ConcreteSump Pump
  • Flooring: CarpetCombinationHardwoodLaminateLinoleumVinyl
  • A/C: None
  • Heating: Fireplace(s)OilPropaneSeparate MetersWall Furnace

This listing courtesy of Lisa McKenna, Engel & Volkers Lake Placid Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Petrova Elementary School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades KG-5

0.86 miles away

S

Saranac Lake Middle School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades 6-8

0.86 miles away

S

Saranac Lake High School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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