Historic character, functional updates & flexible living come together in this registered historic home in the heart of Truman Terrace/North Encanto.The main residence offers a comfortable, livable layout anchored by a large great room with picture window views.The kitchen is designed for everyday use, featuring tons of cabinets and counter space, breakfast bar, stainless appliances including a gas stove & is a seamless connection to the main living areas. The adjacent dining area is lined with corner windows, bringing in consistent natural light and enhancing the home's overall flow. Wonderful primary bedroom retreat with shower, two sinks and exit to a private patio. Two light filled secondary bedrooms share a hall bath. Spacious bonus/flex room with a brick fireplace, creating a natural gathering space that feels both relaxed and practical. What sets this property apart is its versatility. A detached studio apartment with private entrance, kitchenette, bath and laundry provides a true secondary living space, ideal for guests, rental income, a home office, or multigenerational living. A separate workshop adds additional flexibility for projects, storage, or creative use. Don't miss the RV gate, too! Outdoor living is easy, beautiful, functional and inviting. The expansive backyard includes mature landscaping, multiple covered patio areas, and dedicated spaces to relax, entertain, or garden. Located in one of Central Phoenix's most established neighborhoods, just minutes from Encanto Park, local restaurants, coffee spots and everyday conveniences. Easy access to downtown, light rail and major corridors keeps everything within reach while maintaining the charm of a tree-lined historic setting. This is a home that offers options, live, work or generate income, all within a neighborhood known for its character and connectivity.