- beds
- 3
- baths
- 1
- sq ft
- 1,488
- Built
- 1979
4518 Vermont Route 114
Canaan, VT 05903
Residential · Active · MLS #5091675
Listing Courtesy of A Notch Above Real Estate LLC | Tanya Roy
The home
About this home
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.
Property information
Details at a glance
Interior3 property facts
- Rooms
- 7
- Heating
- Oil, Pellet Stove, Forced Air
- Cooling
- None
Building3 property facts
- Style
- Single Family Residence
- Year built
- 1979
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.25 acres
- Water
- Well
- Waterfront
- Y
- Zoning
- Call town of Canaan
Financial2 property facts
- Annual taxes
- $5,884
- Assessment year
- 2024
Plan your purchase
Estimated monthly cost
Explore costs at the $481,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,923 / monthAdjust
- Principal & interest
- $2,432
- Property tax
- $490
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,884. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Listing history
Price and status timeline
No additional listing history is available for public display.
Compare with confidence
Price & market context
See how this home compares with active listings in Canaan.
| Metric | This home | Local listings |
|---|---|---|
| List price | $481,000 | $279,00072% above local |
| Price / sq ft | $323 | $21352% above local |
| Days on market | 95 | 906% above local |
Active city listing statistics from PrimeMLS as of September 12, 2026. Asking prices are not completed-sale values.
Keep exploring
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Common questions
About 4518 Vermont Route 114
Can I request a private showing?
Request a tour of 4518 Vermont Route 114 and a Bean Group agent will help coordinate an available time with the listing side.
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