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USAPADowningtownDowningtown516 E Lancaster Ave
516 E Lancaster Ave, House other with 5 bedrooms, 3 bathrooms and null parking in DOWNINGTOWN PA | Image 1
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$515,000

516 E Lancaster Ave, Downingtown, PA

House

For Sale

$--,---,---
530
Open House
Thu. Jun 12, 9:00-11:00 pm UTC
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2824 sqft
Garage No
Taxes $5,702
Days Active 3
Lot Size 
Approx. Age 1924
Avg. Price Per Sqft $182
MLS® Number PACT2099918

Property Address: 

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

Description

Looking for that perfect combination of a character-filled home and a smart investment opportunity? Step into the charm and versatility of this Craftsman-style 2, 800+ SF home, ideally located in the heart of Downingtown Borough. Offering 5 spacious bedrooms and 2 full baths, this residence is rich with character and modern potential. A standout feature is the 700 SF lower level space with its own private entrance—perfect for a small business, in-law suite, or an efficiency 1-bed 1-bath rental. Enjoy special touches like the primary bedroom’s private deck, a cozy office with its own deck accessed through French doors, and a stunning wood-burning fireplace with stone surround and wood mantel. The walk-out basement offers generous storage and houses a current tenant running a small private laundry business—providing an option for continued rental income. The backyard includes eight off-street convenient parking spots and a stone-covered area that can be converted into a grassy yard if desired for outdoor enjoyment. Zoned R4, this property presents a wealth of possibilities—utilize the full square footage as a multi-unit rental, a combination of personal residence and investment space, or simply enjoy it as a unique and spacious single-family home. Just steps from the East Ward E1 elementary school and great shopping, minutes from Kerr Park, Struble Trail and Marsh Creek State Park, and the charm of Downingtown’s vibrant borough with restaurants, breweries and artisan shops. Easy access to major routes (30, 100 & 202), this home is also located within the highly rated Downingtown Area School District. A rare opportunity with flexibility, location, and charm—all in one. This is a must see - schedule your showing today.Show Description
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No Data
Walk Score®
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No Data
Transit Score®
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No Data
Bike Score®
MLS® NumberPACT2099918
Laundry LevelHookup
Central VacNo
FireplaceNo
Acreage0.2
ExteriorSidewalks, Street Lights, Exterior Lighting
GarageNo
Approx. Age1924
BasementDaylight, Full, Combination, Improved, Interior Access, Outside Entrance, Rear Entrance, Rough Bath Plumb, Side Entrance, Walkout Level, Other, Heated
DrivewayPaved Parking, Crushed Stone, Parking Lot, Off Street
Garage Spaces
HeatHot Water, Baseboard - Electric, Electric, Natural Gas
A/CWindow Unit(s), Electric
Heating Fuel

Extras

Window AC units, kitchen refrigerator

Rooms

Show Details
Other:18 × 18 ft
Office:Not available
Bedroom 2:13 × 11 ft
Basement:Not available
Bedroom 5:Not available
Kitchen:Not available
Dining Room:16 × 12 ft
Other:Not available
Bedroom 4:Not available
Bedroom 3:10 × 10 ft
Other:Not available
Living Room:30 × 15 ft
Bathroom 1:Not available
Other:Not available

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