Fundraising for the church's construction began in October 1899, and the actual construction started in the summer of 1906 based on project No. 8 from the Synodal album. Archpriest I. Koryelin headed the board of trustees responsible for the construction. Minor changes were made to the project by architect A.A. Folbaum from Yeniseisk. The main donors were the Minusinsk merchant family of Zaytsevs. Construction was carried out under the supervision of Minusinsk merchant A.V. Telegin and contractors: V. Safronov, S. Chernova, F. Frolov, and G. Okhmutskiy. In June 1911, the construction was completed, and on September 25, 1911, Bishop Euphimiy consecrated the Ascension Church.

The church is located on the western side of Korneva Street. The two-story brick building has a longitudinal axial layout: the altar apse, square temple, and narthex with a staircase follow each other along the east-west axis. The cubic volume of the temple is designed in a cross-dome scheme with four internal supports. The transverse axis of the building is highlighted by wide wings made of stone blocks. The ceilings in the temple are vaulted crosswise. The octagonal base of the central tent has been preserved. The altar apse is topped with a triangular pediment, and the plinth is made of natural stone.

The facades of the building are adorned with pilasters with original capitals. Tall windows with semi-circular lintels are framed with brick frames. The northern and southern entrances are highlighted by paired "Venetian" windows. The door portals are connected to the windows by brick frames. The cornice has a significant overhang. Below the windows are "P"-shaped panels. The windows retain their wooden frames. Partially preserved are the decorative rainwater funnels. The roof is sloped and made of metal. The dimensions of the building are 36.0 by 22.5 meters.

In the 1930s, elements of the five domes were dismantled, and interior decorations were lost. A new window was cut into the northern wall of the narthex. The metal gutters with decorative funnels have also been lost. In the 1960s, one-story structures were added to the southern and eastern facades, disrupting the harmony of the building.

The church is a valuable example of Orthodox architecture from the late 19th century in the "brick style."

In 1984, the Ascension Church was recognized as a monument of history and culture of local significance and entered into the state register of cultural heritage sites.

Since 2002, believers have begun to petition for the return of the church. More than five years of legal proceedings regarding the restoration of rights to church property took place, and only in 2009 was permission obtained. The church awaits restoration and the rebuilding of its domes.