Enjoy beautiful views of the Portage Canal from this charming 2 bedroom, 1 bathroom ranch located on a quiet, low traffic dead end street in Hancock. Set on a double lot, the property offers plenty of outdoor space along with established gardens thoughtfully created by a previous owner who was a master gardener. Gardeners will appreciate the rain barrel, clothesline, and outdoor space ready to enjoy next spring. Inside, the convenient single level layout features both bedrooms, a full bathroom, kitchen, living space, and laundry all on the main floor. The home is functional as is while offering an opportunity for a new owner to make cosmetic updates and add their own style over time. Solid mechanical features include a durable metal roof, Goodman forced air furnace, and water heater installed in 2019. A detached two car garage provides excellent parking, storage, and extra space for Upper Peninsula winters. Whether you are looking for a primary residence, downsizing into single level living, or searching for a Hancock home with water views and room to garden, 121 Water Street offers a unique combination of location, functionality, and potential.