The oral tradition connects it with the house of the Stratigopoulos, an aristocratic family from Constantinople, who played an important role in the administration of the city of Ioannina. The katholikon, a building of the late 13th century, is a single-nave room church with a narthex and a built-in two-storey cell to the west.

It is an important example of the late Byzantine architecture of the area with the characteristic use of bricks and brick decorative elements. The monastic complex also includes the ruins of cells and auxiliary spaces. In 1542-43 the frescoes of the katholikon were painted at the expense of the monks Niphon and Sophronios. The iconostasis is a remarkable example of the wood carving of Epirus of the late 18th century.