Discover the potential of this unique property located on the main street of Milo, Alberta. Currently used as a residence, this versatile building holds commercial zoning, offering an excellent opportunity for a live/work setup. Its historic significance may qualify it for potential Heritage status, opening doors to grants for further enhancements. It is estimated to have been built in 1940, but it may actually be older. Situated just 10 minutes from McGregor Lake, this property also serves as an ideal weekend retreat, providing easy access to swimming, boating, and exceptional fishing opportunities. The electrical and plumbing were updated approximately ten years ago, while the metal roof was replaced five years ago. The hot water tank is six years old, and the furnace is four years old. The basement is unfinished, providing ample storage space and potential for additional development. Whether you're looking for a residential oasis or a strategic commercial venture, this gem in Milo offers both charm and opportunity.