According to eyewitnesses, it was one of the most beautiful in the city. The iconostasis contained over a hundred icons, and the church had five altars.

In the Vyatka diocesan reports of 1865, it was written: "In the suburb of Demyanka, on June 10, 1861, Bishop Agafangel laid the foundation stone for a stone church." This was preceded by certain events. Slobodskoy merchant of the first guild and hereditary Honorary Citizen Vasily Vasilyevich Alexandrov, along with his sons, decided to open a distillery in Slobodskoy. However, before the construction of the factory, his wife, Maria Petrovna, suggested first building a church.

By the beginning of 1861, all documents for the land were completed, permission for construction was obtained, and the plan for the future church was approved. By the end of that year, the walls of the church were erected halfway, and the following year the builders completed the stone masonry. During this time, Vasily Vasilyevich faced terrible grief: his wife Maria Petrovna died, his eldest son Yakov passed away in St. Petersburg, and a year later, his youngest son Vasily also died. Despite the misfortunes, Vasily Vasilyevich fully immersed himself in work, completed the construction of the distillery in Slobodskoy, worked on the interior of the church, and became the first elder of the new church.

In the Vyatka provincial reports of 1865, it was written: "On Sunday, August 15, a solemn consecration of the stone church in the name of the Descent of the Holy Spirit took place in the sloboda of Demyanka near the city of Slobodskoy, built with the funds of merchant of the first guild V.V. Alexandrov. The consecration was conducted by His Grace Agafangel together with the rector of the Vyatka Theological Seminary, Archimandrite Pavel, the abbot of the Slobodskoy Monastery, Archimandrite Ieronym, Protopriest A.T. Shillegodsky of the Vyatka Cathedral, and representatives of the local Slobodskoy and partially Vyatka city clergy. Three altars were consecrated in the church: the central one in honor of the Descent of the Holy Spirit upon the apostles, the left one in honor of Saint Basil of Paros and Saint Mary Magdalene, and the right one in honor of the icon of the Mother of God of Quick Help and Saint Tikhon of Zadonsk."

In 1879, two new chapels and a bell tower were added to the church, with the reconstruction funded by Ivan Vasilyevich Alexandrov. The altars in honor of the Kazan icon of the Mother of God on the right and Saint Alexander Nevsky on the left were consecrated on August 30-31, 1882, under Archbishop Apollos.

In 1933, the church was closed, the building was partially destroyed, losing its bell tower, interior decoration, and crowning domes. Until 2011, the church building housed a warehouse for the fur factory "Belka."

On June 10, 2005, a gilded cross was installed on the restored dome of the church. Currently, the church has been returned to the church, and repair and restoration work is underway. Since December 2011, regular services have resumed in the church.