'Elizabeth' c1891 with a wide, classical façade and impressive proportions is an outstanding 2 bedroom and study Victorian that only 150-metres from Curtain Square and the Rathdowne Village, while Princes Hill Secondary College zoned, has been lovingly enjoyed by just the one family for the past 60-years. Now finally on the market and impeccably maintained in immaculate condition, this long reign of proud homeownership draws to a close leaving 'Elizabeth' in the hands of the next generation to continue the tradition of timeless comfort or progress with plans toward an exciting new realm of luxury. Wide frontage with a captivating street presence introduces the dream single-level dimensions of a large interior that previously streamlined for functionality, offers a bright and spacious setting that's ideal for living in or renting out while preparing for a first-class future lifestyle. An arched hall with a soaring ceiling leads the way to 2 huge bedrooms that paired with the bonus of a separate study or possible smaller bedroom, brings enormous flexibility to those looking to work from home, utilize as a nursery or reimagine when ready as a potential ensuite. Natural north light streams into a generous living room with a gas heater, as it does a separate kitchen and meals area, while further is a terrazzo-floor bathroom and a laundry area. The prospects of perfection are further enhanced by a great-sized rear courtyard that facing west and bathing in northern light, includes lock-up storage, ROW access and scope to redefine the space in the best way possible with an entertainment terrace and secure off-street parking if desired. Just around the corner from Carlton North Primary School and weekend farmers market, tightly-held 'Elizabeth' is ready at last for the next captivating chapter where buyers can definitively improve on a solid family foundation realising its rare potential on a 149 sqm approx. allotment at the city end of the street. Moments to Rathdowne Village cafes, wine bars and shops, parkland including the Edinburgh Gardens, Lygon Street, schools, trams, major hospitals and the University of Melbourne.