4994 W Lake Road, Mayville, NY 14757
Local realty services provided by:ERA Team VP Real Estate
Listed by:
Office: era team vp real estate
MLS#:R1686776
Source:NY_GENRIS
Price summary
- Price:$479,900
- Price per sq. ft.:$82.91
About this home
Exceptional investment opportunity just north of Chautauqua Institution's Elm Gate. This unique historic multi-family property offers character, flexibility, and tremendous income potential in one of the most desirable locations in the Chautauqua Lake region.
Originally constructed as a sawmill, the property has been transformed into a versatile mixed-use residential investment while retaining many of its original architectural details and historic charm. Whether you are seeking an owner-occupied investment, short-term rental opportunity, multi-generational living arrangement, or an income-producing property with future expansion potential, this offering deserves your attention.
The primary residential unit is a spacious two-story apartment featuring three bedrooms, two full bathrooms, an attached two-car garage, loft area, and a comfortable sitting room that leads to a private patio. With generous living space and unique character throughout, this unit offers the feel of a single-family home while providing excellent rental potential.
The second residential unit is a charming one-bedroom apartment featuring an open-concept living area that is ideal for long-term tenants, short-term rentals, guests, or extended family members.
Both units share access to a massive covered porch that creates a welcoming outdoor space and adds to the property's timeless appeal.
One of the most exciting features of this property is the expansive open workshop area. Showcasing the original second-floor catwalk from the building's sawmill days, this remarkable space offers endless possibilities. Continue utilizing it as a workshop, studio, storage facility, event space, or hobby area, or explore the potential for conversion into a future third residential unit, subject to municipal approvals and zoning requirements.
Located just moments from Chautauqua Institution, Chautauqua Lake, Bemus Point, restaurants, entertainment, and year-round attractions, this property is perfectly positioned to capitalize on the area's strong tourism market and rental demand.
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Home facts
- Year built:1904
- Listing ID #:R1686776
- Added:4 day(s) ago
- Updated:June 10, 2026 at 02:48 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Hardwood, Varies
- Living area:5,788 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Membrane, Rubber
- Year built:1904
- Building area:5,788 sq. ft.
- Lot area:0.79 Acres
- Lot Features:Rectangular
- Architectural Style:Duplex
- Construction Materials:Wood Siding
- Exterior Features:Patio
- Levels:2 Stories
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$479,900
- Price per sq. ft.:$82.91
- Tax amount:$5,010
Features and amenities
- Amenities:Storage
Parking
- Parking description:Garage, Parking Available, Paved
- Garage:Yes
- Garage spaces:2
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