Situated just steps from downtown Thornbury, this beautifully restored century home offers exceptional versatility. Set on a mature, tree-lined lot backing onto the Beaver River as it flows into Georgian Bay, the property is ideally located within walking distance of shops, restaurants, cafés, the marina, and the area's many trails. The property has been thoughtfully restored and expanded with an ICF addition completed in 2012, designed to accommodate a main-floor orthodontic clinic with a private residence above, creating a perfect live-work environment. The clinic can be accessed through the main entrance or its own dedicated entrance, offering flexibility for a dental or medical practice, wellness clinic, professional office, studio, or a variety of residential or income-generating possibilities (subject to the appropriate approvals). The upper-level residence showcases quality finishes, with hardwood flooring, and an abundance of natural light. The open-concept kitchen has marble countertops, stainless steel appliances, and an oversized island with seating for 4 (or more) overlooking the comfortable living room. A wood-burning stove creates a warm focal point, while patio doors open onto a balcony nestled among the trees, offering views of the Beaver River below. The residence features two spacious bedrooms, along with a luxurious 5 piece bathroom complete with a glass shower and a clawfoot soaker tub. Outside, the private rear deck provides a retreat where you can unwind to the sound of the flowing river below. Ample on-site parking comfortably accommodates clients, guests, or family without vehicle shuffling. This is a unique opportunity in the perfect location!