This Historic Ithaca home has the Cascadilla Water Falls in its back yard, downtown Commons with cafes and restaurants two blocks from its front door, and lies steps from the T-CAT to Cornell- only minutes away. One of the first homes to be built in Ithaca, this classic was once home to both the lead singer of the Clash, and served as the first Monastery to the Tibetan Monks in Western NY! The third floor of this spacious 3,400 sq foot home was once a Yoga Studio, but has for years housed Cornell PhD and grad students thereby defraying annual taxes. An exceptional opportunity in one of Ithaca’s most sought-after downtown locations, Fall Creek. This stately three-story residence offers a rare combination of historic character, natural beauty, and walkable convenience just minutes from all downtown amenities. A welcoming wraparound front porch creates an inviting outdoor space to relax and entertain while enjoying the tranquil setting. Inside, high ceilings, original century-old woodwork, hardwood floors, and abundant natural light showcase the home's timeless craftsmanship. The main level features a beautifully updated kitchen with cherry cabinetry, granite countertops, and direct access to the rear stone patio, creating a seamless connection between indoor and outdoor living. The sound of the Cascadilla water falls emanates throughout this lovely home, and expansive private patio. Flexible first floor spaces include a formal dining and living room, a spacious family room and a convenient half bath. The second level offers three generously sized bedrooms and two full baths, including a luxurious whirlpool tub. The third floor features a separate two-bedroom apartment with private entrance, kitchen/living room combination and full bath—ideal for guests, extended family, or as a rental for Cornell faculty and grad students. Previous owners lived happily in main building while renting third floor for over a decade!