Welcome to The Terrace - an iconic character residence proudly elevated on Oamaru's South Hill, capturing sweeping views over the town, coastline, and the Kakanui ranges. With a brand-new roof installed in 2024, this stately home is in remarkable condition for its 100 years, having been lovingly and sympathetically upgraded to retain its historic charm while offering modern comforts. Step through the covered front porch into a welcoming reception area that opens into a wide, gracious hallway. The charming kitchen features polished Rimu floors, quality appliances including a 6-burner gas cooktop, butler's sink, and an Oamaru-stone lined storeroom. An inviting casual dining space with a bi-fold window seat captures the morning sun beautifully. The grand formal dining room comfortably seats ten and flows into an elegant, period-furnished lounge - perfect for entertaining or relaxing in timeless style. Downstairs, a tranquil bedroom overlooks the garden and is serviced by a Victorian-style powder room. A large laundry with extensive storage completes the lower level. Ascending the sweeping Rimu staircase, you'll find three spacious suites. Two boast their own private ensuites, while the third is supported by a generous family bathroom. A huge walk-in linen and storage cupboard ensures ample space for every need. Comfort is assured year-round with gas hot water, multiple heat pumps, and a charming electric fire in the lounge providing warmth and ambiance. For the past eight years, The Terrace has operated as an exclusive luxury AirBnB, testament to its quality, ambience, and appeal. The home is offered with a full inventory of furnishings, providing an exceptional turnkey opportunity for both residential buyers and investors.