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Michael Kreho

mike.kreho@engelvoelkers.com +1(518) 524-9516

$ 359,000

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Price Dropped by $10K

48 Old Lake Colby RD Saranac Lake, NY 12983

4 Beds

3 Baths

2,510 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,510 sqft

Price per Sqft $143

MLS Listing ID 206751

Style Old Style

Bedrooms 4

Full Baths 2

Half Baths 1

Abv Grd Liv Area 2,510

Year Built 1930

Annual Tax Amount $2,505

Lot Size 0.780 Acres

Acres 0.78

Property Sub-Type Single Family Residence

Source Adirondack-Champlain Valley MLS

Property Description

Attention investors and dreamers alike--welcome to 48 Old Lake Colby Road, a charming old-style property that blends timeless character with exceptional income potential. Set back from the road, this inviting home immediately draws you in with its classic lines and warm, lived-in feel. Step inside the main house to discover two distinct living spaces--one upper and one lower--creating a flexible layout ideal for multi-generational living, owner-occupied rental, or a creative mix of long- and/or short-term income. Together, the main home offers four comfortable bedrooms and 2.5 baths, bathed in soft natural light that filters through well-placed windows. In the heart of the home, a welcoming fireplace anchors the living area, casting a gentle glow on cool evenings and infusing the space with a sense of coziness and calm. The rooms flow easily from one to the next, with nooks perfect for reading, working, or gathering with friends and family. Beyond the main residence, a separate cabin adds even more value and opportunity. Thoughtfully divided into two apartments--each with its own entrance, bedroom, bath, and living area--the cabin is currently fully rented and producing $875 per month. Tenants enjoy a sense of privacy and comfort, while you enjoy steady, reliable income from day one. Outside, imagine morning coffee in the crisp Adirondack air, the rustle of leaves, and the quiet of a tucked-away retreat that's still conveniently close to town. Whether you're seeking a personal home with built-in revenue, a pure investment, or a flexible property to grow with your needs, 48 Old Lake Colby Road delivers character, warmth, and possibility in equal measure.

Location

State NY

County Franklin

Direction I-87, Exit 34. Turn west onto Route 9N. Continue to AuSable Forks. At the four way stop, turn left. Continue into Jay. Turn right onto Route 86. Continue to Saranac Lake. Turn right (traffic light) onto Main St. Continue straight onto Broadway. Turn slight right onto Old Lake Colby Rd. Property will be on the right.

Rooms

Basement Concrete, Sump Pump

Main Level Bedrooms 1

Interior

Interior Features Ceiling Fan(s), Entrance Foyer, In-Law Floorplan, Primary Downstairs

Heating Oil, Propane

Cooling Ceiling Fan(s)

Flooring Carpet, Hardwood

Fireplaces Number 1

Fireplace Yes

Appliance Dishwasher, Electric Oven, Refrigerator, Washer/Dryer

Laundry Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup

Exterior

Parking Features Driveway, Off Street

Utilities Available Cable Connected, Electricity Connected, Internet Connected, Phone Connected, Sewer Connected, Water Connected, Propane

Roof Type Shingle

Street Surface Paved

Porch Front Porch

Road Frontage Public

Building

Lot Description Gentle Sloping, Many Trees, Private, Sloped Up

Story Two

Sewer Public Sewer

Water Public

Architectural Style Old Style

Schools

School District Saranac Lake

Others

Senior Community No

Tax ID 446.52-1-6

Security Features Smoke Detector(s)

Special Listing Condition Standard

Listed by Richard Yeager • NY Living Realty

NEARBY SCHOOLS & PROPERTIES

Michael Kreho

Licensed Real Estate Salesperson

+1(518) 524-9516

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