This lakefront retreat is built for outdoor lovers, offering direct access to Lake Wallace and sweeping lake and mountain views from a thoughtfully designed, versatile layout. The main-level home features two bedrooms and one bath, an open-concept kitchen, living, and dining area, and a pellet stove that provides a cozy, efficient secondary heat source after a day of adventures. The loft includes a bedroom plus a flexible space that’s currently used as a gym, creating ample room for an additional sitting area, home office, or hobby space. Direct outdoor living is the centerpiece here. An expansive wraparound deck invites you to relax, and soak in the water and mountain vistas, whether you’re enjoying morning coffee, sunset cocktails, or post-adventure downtime. Direct lake access supports boating, swimming and kayaking, while the .25-acre lot offers plenty of space for gear, gardens, and outdoor activity setups. The unfinished walkout basement features a wide-entry door with drive-in capability, making it easy to store a lawnmower, snowmobiles, kayaks, bikes, or other equipment keeping everything organized and ready for action.
Active
Listed by: A Notch Above Real Estate LLC
$491,000
4518 Vermont Route 114, Canaan, VT 05903
3beds
1,488sqft
Ranch
Built in 1979
0.25 Acres Lot
$-- Zestimate®
$330/sqft
$-- HOA
What's special
Water and mountain vistasThoughtfully designed versatile layoutTwo bedrooms
- 16 days |
- 358 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Tanya Roy,
A Notch Above Real Estate LLC 603-538-9922
Source: PrimeMLS,MLS#: 5091675
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Oil, Pellet Stove, Forced Air
Cooling
- None
Features
- Basement: Climate Controlled,Concrete,Walkout,Interior Entry
Interior area
- Total structure area: 2,688
- Total interior livable area: 1,488 sqft
- Finished area above ground: 1,488
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Features
- Levels: One and One Half
- Stories: 1.5
- Has view: Yes
- View description: Water, Lake, Mountain(s)
- Has water view: Yes
- Water view: Water,Lake
- Waterfront features: Lake Access, Lake Front, Waterfront
- Body of water: Wallace Pond
- Frontage length: Road frontage: 91
Lot
- Size: 0.25 Acres
Details
- Parcel number: 12603910048
- Zoning description: Call town of Canaan
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Ranch
Materials
- Vinyl Siding
- Foundation: Concrete
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Concrete, Leach Field, Private Sewer
- Utilities for property: Phone Available
Community & HOA
Location
- Region: Canaan
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $268,200
- Annual tax amount: $5,884
- Date on market: 5/29/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Listed for sale | $491,000+391%$330/sqft |
Source:  PrimeMLS #5091675 Report a problem | ||
| 8/6/1999 | Sold | $100,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $268,200 |
| 2023 | -- | $268,200 |
| 2022 | -- | $268,200 +54.8% |
| 2021 | -- | $173,300 |
| 2020 | -- | $173,300 |
| 2019 | -- | $173,300 |
| 2018 | -- | $173,300 |
| 2017 | -- | $173,300 |
| 2016 | -- | $173,300 +9900% |
| 2015 | -- | $1,733 |
| 2014 | -- | $1,733 |
| 2013 | -- | $1,733 |
| 2012 | -- | $1,733 |
| 2011 | -- | $1,733 |
| 2010 | -- | $1,733 |
| 2009 | -- | $1,733 |
| 2008 | -- | $1,733 +96% |
| 2007 | -- | $884 |
| 2006 | -- | $884 |
| 2003 | $1,971 | $884 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 05903
Nearby schools
GreatSchools rating
- 5/10Canaan SchoolsGrades: PK-12Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: Canaan School
- Middle: Canaan Schools
- District: Canaan School District
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Vermont
- Essex County
- Canaan
- 05903
- 4518 Vermont Route 114
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