Timeless elegance meets cutting-edge design! This historic 4-bedroom, 2-bath home is perched on TWO city lots in the heart of downtown Fairbanks! It has undergone many upgrades throughout the years!! Built in 1938, the current owner has lovingly restored much of the old world charm of the home while adding a dash of modernization exactly where it counts! Enjoy curb appeal with fresh exterior paint, a gorgeous lawn, and a front door painted in a "lace" pattern to pay homage to Lacey Street. Inside you will notice the original hardwood floors, large windows (many of which have been replaced), and the classic built-ins that are famous for this architecture style! The bathroom remodel is reminiscent of a boutique hotel, with swanky finishes to include custom tile throughout, a brand new stand-in shower, and a floating vanity topped with Terrazzo countertops! The partially finished basement offers even more space to expand your square footage, while the commercial zoning keeps the property versatile. There have been improvements made to the plumbing and the heating as well as a rerouting of the stairs! This is a home you cannot miss! Schedule your showing today!