Packed with major recent upgrades and including the neighboring separately deeded R-2 lot (225 S Thirteenth St), this exceptional Old Colorado City property offers a truly rare opportunity to own an expansive corner homesite w/ unmatched flexibility and future potential. Located in one of Colorado Springs' most sought-after walkable neighborhoods, this spacious two-story home welcomes you with a large living room, bright sun-filled parlor, formal dining room, generous kitchen with backyard access, and a main-level bedroom ideal for guests or multigenerational living. Outdoor living shines with two beautifully renovated patios perfect for relaxing, entertaining, or enjoying Colorado's beautiful evenings. Upstairs features three additional bedrooms, including a private primary suite with an en-suite bath, plus a second full hallway bathroom. The basement adds even more versatility with two bedrooms featuring upgraded egress windows and a flexible layout that can easily accommodate additional sleeping areas with the addition of demising walls. Combined with zoning that allows occupancy by up to 10 unrelated individuals (buyer to verify permitted uses), this property presents an outstanding opportunity for multigenerational living, co-living, employee housing, rental opportunities, or exceptional investment income. The included adjacent lot, held under its own tax schedule, further enhances the property's long-term value with opportunities for future development, expansion, additional outdoor space, or simply holding a scarce OCC land asset. Major improvements include a new boiler (2024), new roof (2022), and water heater 2016, providing peace of mind for years to come. Just minutes from the award-winning restaurants, breweries, coffee shops, boutiques, parks, and trails that define Old Colorado City, this is a one-of-a-kind property offering the rare combination of historic charm, modern updates, incredible flexibility, investment potential, and an unmatched lifestyle.