Step into a rare piece of 19th-century craftsmanship with this stunning 8,600-square-foot historic mansion, ideally situated just minutes from the south entrance of Letchworth State Park — the "Grand Canyon of the East", Stoneybrook State Park, Houghton College, and Swain Ski Resort ~ Built in the 1800s, Elmwood Mansion, also known as The William N. Alward House, offers 9 spacious bedrooms and 4 full bathrooms, blending timeless architectural character with exceptional versatility for today's buyer or investor ~ Upstairs apartment would be perfect for a caretaker or as an updated suite ~ Huge Investment Opportunity! This property presents a compelling income-generating opportunity, with potential to convert the estate into Three self-contained lock off units — perfect for simultaneous owner occupancy & short-term rentals via Airbnb or VRBO ~ Positioned near one of New York's most visited state parks (approximately 1 million visitors / year), the estate is well-suited to capture year-round tourist demand, with a projected market cap rate of approximately 10% ~ For buyers with a larger vision, an option exists to purchase an additional 45 surrounding acres (00 N Walnut St and 000 Walnut St - tax map #'s 244001-184-010-0001-006-011-0000 & 244089-184-000-0002-007-000-0000) complete with a barn — opening the door to future development, agritourism, or a picturesque wedding and event venue ~ Solid Mechanics with a blend of Period Specific Characteristics and Modern Comfort. Village Water and Sewer connected. The combination of historic charm, expansive acreage, and proximity to a major regional attraction makes this a truly unique offering for investors, entrepreneurs, or those seeking a legacy property ~ Historical Status is currently intact, and may be continued at the option of the new owner ~ Qualified Buyers Only and Proof of Funding Required for all showings ~ Please provide 48 - 72 hours notice for showing requests ~ Audio & Video Surveillance Throughout the Property.