Exceptional multi-unit opportunity in the heart of Lake City! This unique property features three separate living spaces, offering flexibility for investment, multi-generational living, or a combination of personal use and rental income. Commonly referred to as "The Manor," is a highly desirable short term rental in Lake City. This exceptional property is charming, historic, and full of Victorian character, offering a rare blend of timeless appeal and versatility. The main residence showcases timeless architectural charm and a warm, inviting atmosphere with exceptional tin ceilings, and offering 6 bedrooms and 3.5 bathrooms. Upstairs, you'll find a dream-worthy primary suite with a private ensuite, featuring a spacious bathroom with dual vanities. There's plenty of storage in the walk-in closet! Cozy up by the fireplace during the winter months, or start your mornings soaking in the sunrise from your private primary suite balcony—your own peaceful retreat to begin and end each day overlooking the backyard with Mountain Views. Rich in history and thoughtfully maintained, the home offers spacious living areas, abundant natural light, and a unique Victorian aesthetic that sets it apart from today's more modern builds. Some bedrooms may be non-conforming and may not include a closet, but do have space for a dresser or armoire. Attached to the main home with a separate private entrance is a 2-bedroom, 1-bath apartment—ideal for guests, long-term rental income, or private living quarters while maintaining separation from the main residence. The property also includes a detached studio with its own bathroom, perfect for additional rental income, guest accommodations, or a quiet retreat or workspace. Each unit enjoys its own separate yard space, offering privacy and flexibility for occupants, while the property is enhanced by mature trees and established landscaping that add to its charm and inviting setting. A detached garage provides convenient storage for vehicles, outdoor gear, or recreational equipment. Located in a prime in-town setting, this property offers easy access to Lake City's shops, dining, and year-round outdoor recreation including hiking, fishing, and ATV trails. Whether you're looking for an income-producing investment, a multi-generational property, or a one-of-a-kind mountain retreat, 426 Gunnison Ave offers unmatched Victorian charm and flexibility in a highly desirable location. Buyer to verify all information including but not limited to square footage, unit configurations, rental potential, and permitted uses. Buyer to verify all square footage.