Rare opportunity to own a distinguished Colonial Revival residence designed by renowned Lancaster architect C. Emlen Urban, ideally situated in the sought-after School Lane Hills neighborhood on the edge of Lancaster City. Set on a beautiful and expansive 0.6-acre lot with mature landscaping, flowering trees, and gracious outdoor spaces, this stately home offers timeless architecture, generous scale, and the chance to own a meaningful piece of Lancaster history. The current owner has made substantial investments to preserve and strengthen the property's long-term value, including a complete slate roof replacement and professional restoration of the veranda, fitted with Sapele mahogany in 2025. Additional improvements include historically appropriate interior and exterior paint selections, restoration of original hardware and fixtures, including the installation of period correct push button light switches from Rejuvenation, as well as installation of Allied storm windows to help protect the home's original windows while improving efficiency. Inside, classic architectural details such as hardwood floors, built-ins, French doors, high ceilings, and a wood-burning fireplace reflect the craftsmanship of the era. The main level includes a welcoming foyer, formal dining room, spacious living room, kitchen with butler's pantry, and easy access to the veranda and private rear patio with hot tub-ideal for entertaining or quiet mornings overlooking the backyard. The second and third floors offer six bedrooms and two full baths, creating exceptional flexibility for guests, home offices, creative space, or multigenerational living. A standout feature of the property is the detached, architect-designed three-car, two-story carriage house/garage, thoughtfully built to complement the original home and offering exciting future potential for a workshop, studio, storage, or possible accessory dwelling use. Ideally located near Buchanan Park, Franklin & Marshall College, West Art, Lancaster Country Day School, as well as shopping, dining, and commuter routes. For buyers who value architectural character, meaningful recent improvements, and the opportunity to personalize a truly special home, 318 N. President Ave. is a rare and compelling offering.