This thoughtfully restored classic Victorian home provides exceptional flexibility, currently functioning as a spacious single-family residence while offering seamless conversion potential for multigenerational living or duplex investment opportunities. The versatile floor plan could accommodate a main floor one-bedroom, one-bath unit alongside a two-story three-bedroom, one-and-a-half-bath unit, each equipped with separate utilities and meters for complete independence. Fully renovated in 2005 down to the studs with new walls, windows, electricity, and plumbing, this home functions like new construction while maintaining historic elegance. Natural light throughout, rich Brazilian cherry hardwood floors, nearly 10-foot ceilings with crown moldings and medallions, and matching solid brass hardware add authentic details. The main kitchen features a built-in banquette, solid surface countertops, and stainless steel appliances. The comfortable living room showcases an elegant open staircase. Energy-efficient features include argon-filled windows, extra insulation, and cedar shake siding. Recent improvements include a rebuilt second-floor porch and deck (2020), enhanced drainage, garden landscaping, and updated plumbing fixtures. Outdoor spaces feature a spacious rear deck, a cozy patio area, and a front porch surrounded by three-season perennial gardens. Amenities include detached garage and storage in basement. Located in a safe, neighborly community just one block from Bear River hiking trails and an easy walk to downtown's shops, restaurants, library, and Little Traverse Bay. This exceptional property combines historic charm, modern functionality, and flexible living options in one of the area's most desirable neighborhoods.