Ted Pietras of Gibson Sotheby's International Realty has listed the dwelling with 2,256 square feet of living space that includes a total of four bedrooms, three full bathrooms and one half bath for $1,849,000.

Talk about checking all the location boxes (and then some). That this 19th century Federalist multi-family is in picturesque Bay Village is one tick mark. Then, the building is in a pivotal spot equidistant to Berkeley Street and Tufts Medical Center and, it’s even closer to Park Plaza.

Of course, the property itself is unique.

Currently used as a two-family dwelling – an upper triplex with two bedrooms and a lower duplex with one-bedroom – this building at 31 Winchester St. is, nevertheless, considered a three-family home. The “original” configuration included a studio sandwiched between a one-bedroom unit and a two-bedroom home. Returning it to its original motif or designing a single-family dwelling are viable options.

Ted Pietras of Gibson Sotheby’s International Realty has listed this dwelling with 2,256 square feet of living space that includes a total of four bedrooms, three full bathrooms and one half bath for $1,849,000.

Although the units in this five-story building could use some updating, the backbone of the home is strong, the interiors render an “old-world charm” and the potential for creating a masterpiece or two or three is outstanding. Exposures on three sides and amenities such as maple and oak flooring, exposed brick walls and excellent ceiling height are great starting points.

Curb appeal is up there, too. Decorative iron gates open to a covered entry that offers protection from the elements - be it spring, summer, fall or winter - and then lead to the common area.

In the spacious triplex, an exposed brick wall is a striking focal point in the huge open living-dining area – previously the studio unit. Two matching fireplaces are at each end of the room. Three windows at the front of the room and one at the back allow in ample natural light.

A large L-shaped area at the front adds to the flexibility of the space. This nook has a built-in unit with open shelving and closed cupboards. Leaving it open for additional seating in the living “room” or making it the dining room is easy to do. Installing doors to create an office/den/mini-library is also doable.

Although this front-to-back space is carpeted, odds are high that maple flooring – such as that on the next level – is underneath.

A compact kitchen on this level has granite countertops and a four-burner gas stove. There is also a full bathroom with a step-in shower.

On the second level of this residence, another exposed brick wall complements gorgeous maple floor boards (here is a first-hand look at what could be under the first-floor rug) in a huge front-to-back room. Exposed painted beams in one section and a wood stove insert add character.

Three six-over-six windows are across the front, one on a side wall (another is in the stairwell to the top floor) and one at the back keep this room even brighter than the level below. That the adjacent building is only four stories high allows in more natural light as you go “up” in this home.

A Dutch door opens into a mini-kitchen with a bevy of appropriately scaled appliances that include an electric cooktop, microwave oven and refrigerator. While this lacks a regulation size oven, its potential as an amazing wet bar is great.

Of course, switching how this level and the one below are used and/or expanding how the kitchen functions are other options.

A number of unique features make the spacious top-floor master bedroom – a queen-size bed fits easily – cozy and inviting. Exposed ceilings beams, a wall of windows (these are on the top half of the wall to ensure privacy) and a closet with a sweet angled door are several examples. Built-in open shelving and additional closet space are in an alcove behind the bed.

The second bedroom, which is also well-sized, has exposed ceiling beams and windows with a beautiful garden view at an adjacent property. The bonus is that those inside enjoy wonderful sights outside without any of the work. With built-in open shelving and a single closet, this room could also be a study/office.

The full bathroom on this floor has a tub/shower combination with glass sliders and a pedestal sink. Laundry facilities that include full-size stackable machines are up here, too.

In the street level duplex, the fully open living-dining room that runs front-to-back has an exposed brick wall with an integrated fireplace that is complemented with oak flooring. A painted paneled wall and a wood plank ceiling are striking accents in this large space with three windows: two (six-over-six) at the front; one at the rear.

Reminiscent of ship-like efficiency, the kitchen has all the cabinet/appliance essentials, including a four-burner gas stove – just on a smaller scale.

The full bathroom on this level has a tub/shower ensemble and a tile floor.

In addition to a fireplace with a classic mantel and glass doors plus an adjacent six-shelf built-in bookcase, the bedroom, which is on the lower level, has hardwood flooring. A single closet is in the bedroom while a double closet is in a short hallway that leads to a large laundry room with full-size machines and extra storage space.

This combo room also has access to a separate furnace room and to an outdoor area waiting to be become a private garden sanctuary. Direct access to the street via a covered walkway is part of this area.