121 S Canal, Lake City, MI 49651
Local realty services provided by:CENTURY 21 Northland
121 S Canal,Lake City, MI 49651
$60,000
- 3 Beds
- 1 Baths
- 1,247 sq. ft.
- Single family
- Active
Listed by: tamara mcleod helsel
Office: city2shore real estate northern michigan
MLS#:80067463
Source:MI_REALSOURCE
Price summary
- Price:$60,000
- Price per sq. ft.:$48.12
About this home
High-Upside Investment Opportunity in Prime Lake City Location! Attention investors and flippers—this 3-bedroom, 1-bath property offers a rare chance to capitalize on a low purchase price with strong ARV potential in a highly desirable, walkable location. Situated on a 50x70 lot, the property features a fenced-in backyard and a small attached garage currently used for storage, with potential to be converted back to garage space. The home also includes a basement primarily suited for mechanicals and storage. This is a full rehab project requiring significant TLC inside and out, making it ideal for experienced investors looking to unlock value. The home offers a functional layout with all three bedrooms located upstairs, each featuring closet space, while the main floor includes the living room, bathroom, eat-in kitchen, and sun porch—providing a solid foundation. One nice feature is the covered, enclosed porch with French doors leading into the living room—a unique element that can be transformed into a bright, inviting entry or additional living space, enhancing both charm and usable square footage. Inside, the property retains original turn-of-the-century character ready to be restored. This property has also demonstrated strong rental income potential for many years under the original owner, adding confidence for investors considering a buy-and-hold strategy. Located within walking distance to schools, businesses, and dining, the location supports both resale value and continued rental demand. Investor highlights: Low entry price = strong margin opportunity High ARV potential after renovation Proven rental history Full rehab = maximize forced appreciation Walkable to schools, post office, shopping & dining Convertible garage adds flexibility and value Sun front porch add usable space Historic charm enhances finished product appeal Bring your contractor and your vision—this is a prime value-add opportunity with serious upside....
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Home facts
- Year built:1925
- Listing ID #:80067463
- Added:1 day(s) ago
- Updated:April 29, 2026 at 02:34 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:On Main Level
- Bedroom Description:Bedroom 1 on Upper Level, Bedroom 2 on Upper Level, Bedroom 3 on Upper Level
- Basement Description:Block, Full, Interior Access, Unfinished
- Living area:1,247 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1925
- Building area:1,247 sq. ft.
- Lot area:0.08 Acres
- Architectural Style:Victorian
- Construction Materials:Vinyl Siding
- Exterior Features:Deck, Fenced Yard
- Foundation Description:Block
- Levels:2 Story
Utilities
- Water:Public Water
- Sewer:Community
Finances and disclosures
- Price:$60,000
- Price per sq. ft.:$48.12
Parking
- Parking description:Attached Garage, Garage
- Garage spaces:1
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