USAMILake City121 S Canal St
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New
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$60,000

For Sale

2 days ago

121 S Canal St, Lake City, MI

House

MLS® 1944340

3 Bed

1 Bath

1247 sqft

1 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1247 sqft
Garage Yes
Taxes 
Days Active 1
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $48
MLS® Number 1944340

Property Address: 121 S Canal St, Lake City, MI, 49651

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1944340
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1925
BasementFull, Unfinished, Interior Entry
DrivewayConcrete, Private, Attached, Concrete Floors
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Kitchen:Main Floor13.03 × 13.05 ft
Bedroom 2:Upper Level10.01 × 11.09 ft
Living Room:Main Floor15.04 × 21.01 ft
Master Bedroom:Upper Level13.01 × 13.07 ft
Bedroom 3:Upper Level7.06 × 11.09 ft
Master Bathroom:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2026List Date
$60,000List Price

Home Appraisal

This property is estimated to sell between: $60,000 and $298,000.
Similar properties in this area sold on average for: $218,383
Expected to sell in 67 days. Similar properties sold in 68 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
121 S Canal St, Lake City, MI

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