This rare, downtown riverfront home is perfect for restoration or land investment as a restaurant, Airbnb, or new home. Located on the Tomebamba River near the Puente Roto -- an iconic arched stone bridge -- and the Pumapungo Museum, this exceptional, 416 sq. meter (4,478 sq. ft) historic 32-year-old home has original Chanuel hardwood floors, skylights, stained glass windows, beamed and vaulted wooden ceilings, a spiral rod iron and hardwood stairway, a large kitchen, 3 living rooms, a formal dining room, a secondary dining area, an alcove with seating, a TV room, 4 bedrooms (all en suite) 7 bathrooms, and a dedicated office with its own entryway. Additionally, there is a covered garage for 3 cars and additional parking in the private driveway, a small back terrace, a maid's room, an internal watering sprinkling system for indoor plants, and luscious gardens surrounding the expansive green-grass front lawn. Directly across the road is the Tomebamba River and riverwalk with its ever-changing views and the peace and tranquility that living by a river affords. The home sits on 528 sq. meters of land.

Just a few minutes walk along the lovely river, you'll find the heart of El Centro, Cuenca with its many fine restaurants, cafes, bakeries, shops, pharmacies, and museums. Directly across the river are banks, the Millenium Mall, more restaurants, the beautiful Parque de la Madre and its Planetarium, and Supermaxi, Cuenca's largest grocery chain. The residential neighborhood is quiet -- with just a few other houses and a small apartment complex located on the adjacent cul de sac.

The property is licensed both as a residential and commercial property, so the use of this beautiful historic gem is limited only to your imagination. The home is not a patrimonial home meaning the configuration of the exterior and interior of the house can be changed without pain-taking permitting.

Re-build and restore the history already found glowing inside this lovely home. Create a riverside restaurant or a small, boutique B&B, or buy the property for its land value and build your own dream house on one of the only riverside lots still available in downtown.

The Municipality has assessed the value of the property at $560,000, but the owner is willing to sell this rare, downtown riverfront home for $449,000. Annual property taxes are a mere $435. Select furnishings and appliances may be negotiable.