27 Winona Ave, Saranac Lake, NY 12983

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.