Historic Charm, Modern Updates & Income Potential in the Heart of Allegany! Welcome to this beautifully updated Victorian-style home offering 5 bedrooms, 2.5 baths, timeless character, and exceptional versatility, all within walking distance to St. Bonaventure University. From the inviting front porch and classic gabled rooflines to the upper-level rooftop patio, this home is full of unique architectural details and charm. Inside, you'll find spacious living areas enhanced by fresh paint throughout, updated flooring, new windows, a new furnace, and a newer roof, providing peace of mind while preserving the home's historic appeal. Truly move-in ready, all that's left to do is unpack and enjoy. The home features generous living and entertaining spaces, including a formal dining room highlighted by built-in shelving and cabinetry, adding warmth, character, and functionality. A bright greenhouse/sunroom provides the perfect space for plants, morning coffee, reading, or relaxing year-round. The primary bedroom includes its own convenient half bath, while the five-bedroom layout offers flexibility for family, guests, home offices, or hobby spaces. An outstanding bonus is the detached garage apartment, currently generating $950 per month in rental income, creating an excellent opportunity to offset expenses, accommodate guests, or add investment value. Located in the heart of charming Allegany, you'll enjoy a walkable lifestyle with easy access to St. Bonaventure University, local shops, restaurants, parks, and village amenities. Homes offering this combination of historic character, modern updates, outdoor living spaces, and income potential are rare. Move right in and enjoy all this exceptional property has to offer!