Step into this beautifully renovated 2-bedroom, 2-bath home in the heart of Ely, offering the perfect blend of modern updates and original character. A covered front porch and a stunning, intricate front door set the tone for the charm inside. The main floor features 9' ceilings, a brand-new kitchen with fresh tiled flooring, a new full bath, and refinished hardwood floors throughout. Upstairs, you'll find two cozy bedrooms with thoughtfully updated closets, convenient built-ins, and a quaint updated half bath. Renovations also revealed the home's original shiplap, now sealed and painted white to create a bright, timeless aesthetic. The bright walk-out basement, complete with new sump pump and compliant sewer line, offers high ceilings, laundry area, extra square footage, and a renovated electric sauna, adding both function and charm. Outside, enjoy beautifully designed gardens, a paver patio, and fully fenced front and back yards-perfect for entertaining or relaxing. While the newer roof and maintenance-free siding provide peace of mind, a 1-car garage plus additional off-street parking adds convenience. Located in downtown Ely, this property is zoned C-1, offering flexibility and opportunity. Whether you're looking for a charming home or a short-term rental investment, it's move-in ready and full of potential-ideal as a year-round residence, Northwoods getaway, or income-producing rental. From its character-filled interiors to its beautifully landscaped outdoor spaces, this home truly captures the best of Ely living-comfortable, stylish, and ready to welcome its next owner.