SUPERB LOCATION ON A CHARMING FREDERICKSBURG STREET, with a guest house, just minutes from the dining, retail and cultural offerings of downtown, this property offers a great mix of space and flexibility. Set on a particularly large 0.44 acre lot with mature trees and a lovely, established feel - it could works equally well as a full-time home, weekend escape, or income-producing property. The main house features 2 bedrooms, 2 bathrooms, and approximately 1,686 square feet, with an easy-living layout. A standout feature is the spacious sunroom - bright, comfortable, and likely to become the space you enjoy countless hours of relaxing and taking in the view to the lovely back garden. Behind the main home, a detached 1-bedroom, 1-bath guest house with a sauna room, adds flexibility. It is eligible for short-term rental use 'by right', making it a natural setup for supplemental income or hosting friends and family. There is also a two-story workshop/barn with air conditioning in place. This could function as an art studio, workout room or a home office. A 3,000-gallon non-potable rainwater collection system supports landscaping and garden use, which is especially useful during drier months and when watering restrictions are in place. 408 W College Street offers a cosy main home, private guest accommodation, a 19,344 sqft lot, charming street location; overall a multi-faceted property offering so many options to evolve over time.