On a substantial corner block (approx 432sqm) high on Flemington Hill, this grand period home presents a unique family lifestyle opportunity with extended versatility, long list of features and unbeatable city-fringe convenience. The property also has 25+ years of continuous commercial occupancy. Beyond its grand facade, the home's impressively spacious interior boasts a wide central hallway accessing five bedrooms (four large, one double), updated bathroom and powder room (second WC). Add to this a large home office/sitting room, formal lounge, kitchen (with dishwasher), through to the open living/dining area featuring city skyline views. Other highlights include solar power, split-system heating and cooling throughout, alarm, high ceilings (pressed-metal in hallway and lounge), new carpets and polished floorboards, plus rear decking and backyard with established gardens and off-street parking. Situated in one of inner-Melbourne's premier pockets in walking distance to Racecourse Road shops, cafes and restaurants, all public transport options, local parks and schools and easy access to Citylink.