The Myachkovskaya Slobodka is located by the Myachkovsky and Dolgoye lakes, 7 versts from the district town and 145 from the provincial capital. It is situated one and a half versts from its parish church. Until 1764, there was a male monastery of St. Basil on the site of this church, which was subordinate to the Suzdal Spaso-Evfimiev Monastery. It was founded in 1352 by St. Evfimy of Suzdal. The prologue of the monastery's foundation states that Evfimy, traveling to Suzdal from the Nizhny Novgorod Pechersk Monastery to establish the Spassky Monastery, was enchanted by the desolate place near Gorokhovets, surrounded by forest and water. Here he built a church in honor of St. Basil the Great and organized communal life.

The monastery remained dependent on the Suzdal Spassky Monastery until its closure. In 1418, it received a charter from the Nizhny Novgorod prince Alexander Ivanovich, freeing the monastery's people from duties and taxes. In 1462, Grand Duke Vasily Vasilyevich granted the monastery privileges, prohibiting authorities from interfering in the monastery's affairs. That same year, Grand Duke Ivan Vasilyevich added that no fishing should be done in the monastery's lakes, and no people or property should be taken from the wilderness of St. Basil.

There is no information about the fate of the monastery in the 17th century, but there are records from 1628 and 1678. The 1628 census mentions that there was a wooden church of St. Basil the Caesarean in the monastery, a refectory, 4 cells, and a monastery yard where fishermen lived. In 1678, a church of St. Basil the Great with an altar in honor of St. Evfimy of Suzdal was shown at the monastery by Lake Kura.

In 1679, the wooden churches of the monastery had decayed, and the authorities of the Spassky Monastery appealed to Patriarch Joachim for permission to build a stone two-story church. Permission was granted, and the church was built. It has survived to this day. However, judging by its current appearance, it is hard to assume that the warm church in honor of St. Evfimy was located below. Most likely, cells for monks were arranged there, while the altars of St. Basil the Great and Evfimy were on the upper floor. The exterior of the church has changed little, only the wooden roof has been replaced with iron. The church has five domes, and on one side there is a covered gallery. The bell tower is wooden. The parish included the Myachkovo sloboda and the villages of Solovyeva, Chichireva, Obyezda, Shchalapina, where according to clerical records from 1897, there were 742 men and 785 women, including 138 men and 161 women who were Old Believers.