429 Whiterock Ave Crested Butte, CO 81224

Opportunities like this in downtown Crested Butte don’t come around often. Set on a prime corner lot just a few blocks from Elk Avenue, 429 Whiterock Avenue offers a rare blend of classic mountain charm, flexibility, and real income potential. The main residence lives like a true downtown home as it is warm, inviting, and thoughtfully updated. With over 2,000 square feet, the three bedroom layout features beautiful wood floors, and large windows that bring in natural light throughout the day. You will love the updated kitchen with new appliances and stone counter tops and pantry. The dining room is great for family meals and the wraparound covered porch invites you to slow down, dine alfresco and take in the iconic mountain views. The living room is cozy and centered around a stone gas fireplace and is a great spot to unwind after a long day exploring the mountains. The main floor also features a spacious bedroom and a full bathroom with laundry. Upstairs, the large primary bedroom feels tucked away and private plus offers double closets and ample storage. The large second living area with a charming bay window seat, makes a great spot for the kids to hang out or would make a great office or gym space. The third bedroom is welcoming for guests and family alike and features a gas burning fireplace. The second bathroom was beautifully updated with a new vanity with granite slab counter, tile floors with radiant heating, and full bathtub. What really sets this property apart is the versatility. The detached building includes a heated, two car garage plus two well designed apartments. The upper apartment lives large with two bedrooms, two bathrooms, a sunny deck, and its own character filled finishes. Downstairs, the one bedroom unit offers in-floor heat, generous storage, and a comfortable, private feel. Both units are currently under long term leases generating $4,482/month in income. Whether you’re looking to offset ownership costs or simply invest in one of Crested Butte’s most walkable locations, this property delivers options. Originally known as the Tudor Rose Bed & Breakfast, the property carries a sense of history while benefiting from meaningful updates including a new roof, updated primary bath, fresh paint in the apartments, two new high efficiency boilers for the apartments, the entire exterior was freshly painted, new, high efficiency windows throughout and a brand new deck. With the free town shuttle just steps away, Clark’s Market nearby, and Elk Avenue within easy walking distance, this is downtown living at its best, with built-in flexibility for how you choose to enjoy it.