The Church of St. George the Victorious at Vzvoz, built in 1494, is one of the rare surviving monuments of the 15th century. The first mention of it dates back to 1763, when an inventory of churches and their properties was conducted by the Holy Synod. The building is made of stone, with two altars and a chapel in the name of Metropolitan Peter, as well as a stone bell tower. The heads of the church are covered with scales, and the crosses are wooden, sheathed in tin. The iconostases in the main and chapel churches were carved, wooden, and gilded. The church was surrounded by a wooden fence. Nearby was a yard with a wooden house, a porch, and a shop. In the early 19th century, the church was in a neglected state, services were not held, and it was assigned to the Nikolayevskaya church. In 1837, it was transferred to the Pskov Gymnasium, in 1862 it was reassigned to the Nikolayevskaya church, and at the end of the 19th century, the temple was handed over to a missionary priest for services for Orthodox Latvians. In 1898, after a major renovation, the church became independent again and was distinguished by its rich interior decoration. The iconostasis in the main temple was four-tiered, carved, gilded with red gold, with 39 icons, including ancient ones. In the 19th century, the church gradually changed its appearance during repairs and alterations. In 1825, the northern chapel was destroyed and removed, in 1831 the southern chapel was dismantled, and the bell tower was arranged on the porch. The head of the church, previously covered with aspen shingles, was covered with iron in 1867. Initially, the narthex was a covered porch with semicircular columns. In 1885, the northern wall was remodeled, and at that time, repairs were made in the church, during which the dome and drum were painted.

In 1923, the church was closed. In 1960, it was placed under state protection as a monument of republican significance. In 1961, architect V.A. Lebedeva from the Pskov restoration workshops discovered traces of a polopastnoye covering in the Georgievsky temple, known from Novgorod monuments, and traces of an ancient bell tower on the southern wall of the square.

In the mid-2000s, the temple was returned to the Russian Orthodox Church and became affiliated with the Church of the Intercession and the Nativity from Prolom. From 2013 to 2016, the heavily dilapidated temple was restored, and during the restoration, the original cross-domed structure was restored instead of the four-pitched roof.