Welcome to 266 Lake Street, a spacious two-unit property offering an exciting opportunity in the heart of St. Albans City. Set on a landscaped 0.30-acre corner lot, this classic farmhouse-style property was originally built in 1854 and offers 2,216 square feet of finished above-grade living space. The property features two residential units, each offering two bedrooms, creating flexibility for an owner-occupant, investor, or multi-generational living arrangement. Inside, the home blends classic character with practical updates, with hardwood, laminate, carpet, and vinyl plank flooring throughout. Public records also note that the property previously underwent kitchen and bathroom renovations that included updated electrical and plumbing. Separate utilities add convenience for a multi-unit property, while natural gas hot-air heating, public water, public sewer, circuit breaker electrical service, and cable internet availability support comfortable everyday living. Outside, the property offers plenty of additional appeal with covered and enclosed porch spaces, storage, and an abundance of off-street parking provided by the spacious circular crushed-stone driveway. The detached two-car garage features automatic openers and offers even more versatility with finished space above the garage, ideal for additional recreational, hobby, office, or storage needs. The landscaped corner lot is positioned along a paved public road with sidewalks and street lights, offering an in-town setting convenient to local amenities. With two residential units, four total bedrooms, generous living space, abundant parking, a detached two-car garage with finished space above, and a convenient St. Albans location, 266 Lake Street presents a versatile opportunity whether you're looking to expand an investment portfolio, offset expenses with rental income, or create a property that accommodates multiple households.