501 Lake Street

2.6-acre non-conforming commercial property located within an R-1 single-family residential zone (1-acre lot size), offering exceptional investment and development potential. The property currently includes a dog boarding kennel building with outdoor dog runs, two residential cottages, and a machine shop/garage — providing multiple income opportunities. Ideal as a rental investment, the existing structures can be leased for immediate cash flow while preserving future development possibilities. With zoning that may support the creation of two single-family residential homes, this property offers flexibility for investors, developers, or owner-users seeking long-term upside. The cottages offer additional value-add potential and can be significantly enhanced with modest improvements.