Nestled in a highly desirable transition area just blocks from downtown Regina and scenic Wascana Park, this exquisitely maintained character home offers a rare blend of historic charm and modern functionality. Originally built in the early 20th century and carefully relocated to its current site in 1987, this property sits on a spacious (50' x 125') lot and is uniquely zoned for both commercial and residential use—perfect for entrepreneurs, professionals, or investors seeking a live-work space or conversion potential. This property presents incredible live-work potential with its professionally finished commercial-grade basement featuring 9+ ft ceilings and reinforced structural support - ideal for offices, studios, or rental income. The main floor impresses with 10+ ft ceilings, gorgeous hardwood and slate flooring, a gourmet kitchen with granite counters and stainless appliances, cozy gas fireplace with built-in bookshelves, 2.5 modern baths, and a delightful three-season sunroom leading to an elevated 15-foot veranda overlooking lush, private grounds. Recent upgrades include two high-efficiency furnaces, central A/C, updated plumbing/electrical, central vacuum, underground utilities, and a 2011 roof. The outdoor oasis features mature landscaping,heritage stonework, plus a detached oversized garage and expandable parking. With its unbeatable location near downtown amenities and Wascana Park, commercial zoning flexibility, and meticulous updates throughout, this exceptional property offers endless possibilities as a luxurious residence, creative workspace, or investment opportunity - all while preserving a cherished piece of Regina's architectural history.