A rare opportunity to own a property where historic character, versatility, and an exceptional in-town location come together. Set behind a welcoming front porch, 87 Water Street offers the warmth and architectural details of an earlier era with thoughtful updates for today's lifestyle. Inside, you'll find an inviting eat-in kitchen with a distinctive tin ceiling and pantry, wood floors, bullseye molding, updated windows, a thoughtfully preserved original stained-glass window, and an abundance of oversized closets. Original character is thoughtfully woven throughout, creating a sense of warmth and authenticity that is increasingly difficult to find. Tidy, comfortable, and move-in ready, the home also features a newer boiler. The backyard offers ample space for gardening, entertaining, recreation, and outdoor enjoyment. A substantial outbuilding provides exceptional versatility, with generous workshop and storage space, vehicle parking, electricity, and a second floor. The structure has received City of Keene Planning Board approval for conversion to a one-bedroom residential unit, offering valuable potential for additional living space or other uses. Buyer to verify current status, approvals, and permitted use with the City. The location is equally compelling, with downtown Keene, the Co-op, playgrounds, schools, shops, restaurants, and other amenities all within easy walking distance. Enjoy the convenience of an in-town lifestyle with the added space and flexibility this property provides. With its character-filled interior, substantial outbuilding, inviting outdoor spaces, and walkable location, 87 Water Street offers a unique combination of history, functionality, and future potential. Most furnishings may also be available for purchase. Schedule your showing today!