33 Fairbanks Street

Central, Oshawa, ON L1H 2L7

$629,900

About This Property

RARE 73 X 147 FT DEEP LOT - PRICE REFLECTS A $50,000 MODERNIZATION DISCOUNT.This stately 4-bedroom century home sits on a massive 73-foot wide lot-nearly double the size of standard downtown properties. Steeped in character, the interior features stunning original wood trim and a magnificent staircase with a lovely stained-glass window. Historic light fixtures throughout and included extras add to the charm. Boasting 4 large bedrooms, a main-floor office, and a beautiful dining room (or 5th bedroom!) plus a massive undeveloped attic with 3rd-level potential. THE OPPORTUNITY: The list price has been strategically adjusted to already include a $50,000 modernization allowance, providing the buyer with the built-in budget to "future-proof" the home while preserving its beautiful historic soul. The price adjustment in this fully livable home allows the new owner to transition the home to a modern 200A service, including a full house rewire (replacing remaining knob-and-tube) and exterior meter relocation. To facilitate a seamless move-in, we have identified insurance options (like Square 1) that provide coverage for this transition provided the work is ESA-certified within 30 days of closing. The remaining allowance is earmarked for any professional interior refinishing. LIFESTYLE: While located on an urban route, the 147ft lot depth provides an expansive sanctuary. Ultimate convenience: Walk 300m to the new Rotary Park & Pool, 550m to Village Union PS, 750m to the FUTURE GO STATION, and just 850m to the 401. Ample parking for 6+ vehicles is also ideal for a home-based business or entertaining guests. STRATEGIC INVESTMENT: Beyond its life as a family home, this is a high-yield land-bank play. Situated within the PMTSA core with CO-B zoning, the rare 73ft frontage allows for a future Apartment Building (4+ units) intensification with no minimum parking requirements. (Note: h-97/h-103 holding symbols apply).