27 Winona Ave
Listing Notes
Opportunity, location, and flexibility come together in this well-positioned three-unit property just moments from downtown Saranac Lake. Ideally situated near North Country Community College, the Adirondack Rail Trail, and the village's exciting waterfront redevelopment, this property offers exceptional appeal for both investors and owner-occupants. The spacious ground-floor 2-3 bedroom apartment provides the perfect owner's residence, while the two additional apartments create an excellent opportunity to generate rental income and offset ownership expenses. Investors will appreciate the property's proximity to the college, making it an attractive option for student, faculty, or long-term rental housing. Located across from the new waterfront hotel and just a short stroll to restaurants, shops, parks, and year-round community events, tenants enjoy one of Saranac Lake's most desirable and walkable neighborhoods. For those seeking a single-family residence, the property also offers the potential for conversion to a spacious village home. Whether you're looking to expand your investment portfolio, live in one unit while the others help pay the mortgage, or reimagine the property as a single-family residence, this versatile opportunity is perfectly positioned to benefit from the continued growth and revitalization of downtown Saranac Lake.
Price in context
Cheaper than 32% of the 22 homes listed nearby right now, which run $179,000 to $435,000.
See all 22 nearby listings
| Address | Asking | Size |
|---|---|---|
| Hawk Rdg Lot 7 | $179,000 | — |
| 102 Edward St | $199,000 | 3 bd · 2 ba |
| 74 Old Lake Colby Rd | $239,000 | 2 bd · 1 ba |
| 171 McIntyre St | $249,900 | 3 bd · 2 ba |
| 14 Passino Ln | $250,000 | 2 bd · 1 ba |
| 36 Olive St | $250,000 | 3 bd · 2 ba |
| 35 Algonquin Ave | $253,000 | 1 bd · 1 ba |
| 48-68 Ledge Ln | $259,000 | — |
| 195 Prospect Ave | $259,000 | 4 bd · 2 ba |
| 35 School St | $279,000 | 3 bd · 1 ba |
| 9 Ridge Way | $295,000 | 3 bd · 2 ba |
| 24 Leona Ln | $295,000 | 3 bd · 2 ba |
| 23 Lucky Way | $295,000 | — |
| 22 Colony Ct | $299,000 | — |
| 66 Bloomingdale Ave | $299,000 | 4 bd |
| 39 Shepard Ave | $349,900 | 7 bd |
| 48 Old Lake Colby Rd | $369,000 | 4 bd · 3 ba |
| 137 Charles St | $389,000 | 6 bd |
| Oseetah Woods Rd Lot 7 | $389,000 | — |
| 517 Forest Hill Ave | $389,900 | 5 bd · 2 ba |
| 144/148 Breezy Acres Ln | $429,000 | 3 bd · 2 ba |
| 401 Lake St | $435,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more