40 Centre Street

Welcome to this fantastic house for sale in Orangeville , located at 40 Centre Street, Orangeville. This charming detached bungalow is not just a house; it's a golden opportunity for buyers looking for flexibility and potential. With a massive mature lot measuring 58 x 120 feet, this property offers three clear options for prospective buyers. Whether you’re looking to invest, enjoy full-home living, or adopt a hybrid lifestyle, this house for sale in Orangeville has something for everyone.

The address, 40 Centre Street, Orangeville, is ideally situated on a quiet street just a stone's throw from downtown Orangeville. The location is perfect for those who appreciate the convenience of being close to local amenities while enjoying the tranquillity of a residential area. This bungalow is fully detached and features a brick exterior, giving it a classic and sturdy appearance.

Inside, the house boasts a total of six rooms, including three spacious bedrooms and two dens, which can be used as home offices, playrooms, or additional guest spaces. The two bathrooms are modern and well-appointed, ensuring comfort for all residents. The kitchen, located on the lower level, is a bright and inviting space, complete with an additional kitchen for added convenience. Both kitchens feature bright white finishes and updated appliances, including dishwashers, making meal preparation a breeze.

One of the standout features of this house for sale in Orangeville is its legal two-unit setup. Fully renovated in 2013, this property allows for a range of living arrangements. You can opt for a turnkey legal duplex, which presents a strong rental upside, or enjoy the entire bungalow on this prime oversized lot. For those looking to live in one unit while generating steady income from the other, this hybrid lifestyle is not only possible but encouraged. The now-vacant upper unit can be rented at market value, providing a great opportunity for savvy investors.

The separate entrances for both units ensure privacy, and each unit comes with its own hydro meter and heating system, as well as private laundry facilities. The upper unit has been freshly painted and features updated lighting, central air conditioning for those warm summer days, and a lovely walkout to a private deck where you can enjoy your morning coffee or evening relaxation.

While the house for sale in Orangeville does not include a pool or a family room, it compensates with ample parking space for up to four vehicles and a carport for added convenience. The property does not have a central vacuum system, but the lack of a driveway means there’s more room on the lot for outdoor activities and family gatherings.

Major updates have been made to the property, including a new roof in 2018, attic insulation and venting in 2020, and updated sewer and water lines in 2015. These improvements ensure that the home is not only aesthetically pleasing but also structurally sound and efficient.

For buyers looking for financial flexibility, there is a vendor-offered creative financing option available to help enhance cash flow in the first year for qualified buyers. This is a rare opportunity to secure a property that offers exceptional flexibility and potential for growth.

In summary, this house for sale in Orangeville at 40 Centre Street, Orangeville, is a remarkable find. Whether you’re an investor seeking a lucrative rental property, a family looking for a spacious home, or someone wanting to live in one unit while renting out the other, this bungalow meets all those needs. Don’t miss out on this unique opportunity to own a piece of Orangeville real estate that truly offers something for everyone!

Orangeville, nestled in the picturesque rolling hills of Dufferin County, offers a charming blend of small-town warmth and vibrant cultural life. As a geographic entity, it boasts a rich tapestry of natural beauty, with lush parks, scenic trails, and the tranquil waters of the nearby Credit River. The town's historic downtown area is lined with quaint shops, delightful cafés, and local eateries, fostering a sense of belonging among residents. With a strong emphasis on community events, such as farmers' markets and seasonal festivals, Orangeville is a welcoming place where neighbours come together, making it an ideal location for those seeking a peaceful yet engaging lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you will find Princess Elizabeth Public School, just 0.6 km away, offering both English and French programs for grades JK to 8, with a school rating of 5.7. St. Peter Elementary School, only 0.2 km from the property, provides a Catholic education in English for grades K to 8, also rated at 5.7. For secondary education, Orangeville District Secondary School is located 1.0 km away, serving grades 9 to 12 with a slightly higher rating of 6.1. Additionally, Spencer Avenue Elementary School, situated 2.7 km from the property, offers French instruction for grades 4 to 8 and boasts a school rating of 6.4. The schools are part of the Upper Grand District School Board and the Dufferin-Peel Catholic District School Board, ensuring a variety of educational options. With such a diverse selection of schools nearby, families can benefit from quality education and a supportive community environment. This property is an excellent investment for those prioritizing education for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 547 residents, with an average household size of 2.6 individuals. The demographic profile reveals an average age of 41.6 years, indicating a mature community. The average household income stands at an impressive $119,000, with only 6.8% of the population classified as low-income. The housing market reflects a median price of $670,000, which aligns with the area's affluent status. Approximately 46.74% of residents are single, while 32.26% of households include children, suggesting a mix of family structures. The community is relatively diverse, with 6.4% of the population being immigrants. Renters make up 25.64% of the households, although there are no condominiums available in the area. Education levels are notably high, with nearly 49% of residents holding a college or university degree. However, 28.13% of the population is not participating in the labor force, which may reflect various factors including retirement or other commitments. Overall, this area presents a blend of stability, educational attainment, and a balanced demographic mix, making it an attractive location for potential homeowners and investors alike.