Built in 1890, this landmark residence is a stunning and example of late Victorian architecture and is the epitome of the famed Paton Brothers construction craft.

Including two adjoining premises and typically influenced by the Italianate style, the property exemplifies all the classic features of the period, including ornate parapets and mouldings, intricate ironwork and beautifully detailed mantelpieces.

Alongside the impeccably maintained original architectural features of this superb property, there is also a perfectly balanced architectural renovation that brings the main residence into a contemporary realm of ultimate convenience and luxury. Incorporating a mezzanine that runs the length of the property at the rear, with full-length windows providing abundant natural light, it is a fabulous addition to this signature home.

No. 5 is the main residence and occupies the largest portion of the building, including the whole top floor. Downstairs includes two formal lounge rooms, a dining room, home office or double bedroom, plus a family eating area. There is also a fully equipped stainless steel kitchen that is nothing short of a chef, home cook or entertainer's dream.

Upstairs the main residence features a master bedroom with ensuite and walk-in robe, three dedicated double bedrooms, two more bedrooms currently utilised as home office spaces, plus a luxurious modern bathroom. The spacious mezzanine offers terrific versatility as either a teenage retreat area, home gym or extra family room.

The adjoining lower-level residence comprises a one or two bedroom apartment with living, kitchen, bathroom and rear courtyard access, providing for a flexible additional income stream or option for fabulous guest accommodation or given the property's mixed use zoning, a possible commercial application..

This phenomenal package also includes multiple off-street parking spaces from Elphinstone Road, easy access to amenities, local schools (only an 800m walk to The Friend's School), transport and the best of North Hobart's galleries, entertainment and restaurant precinct. This is a once-in-a-lifetime opportunity to own a rare and magnificent home.