40 Centre Street Orangeville, Ontario L9W 2X2
$765,000
Legal Two-Unit Bungalow on a Massive Mature Lot! This property is a standout opportunity offering three clear paths for buyers.1: Investor Opportunity, Set full market rent immediately with the now vacant upper unit, freshly painted and updated with modern light fixtures, while the lower unit remains leased at an attractive rental rate. 2: End-User Conversion, Make this bungalow your own with just a single notice for vacancy, and enjoy a home on a mature lot at an attractive price point. 3: Hybrid Lifestyle, Live in the refreshed upper unit while benefiting from steady income from the lower tenant. Converted and fully renovated in 2013, this bungalow features two self-contained legal units, each with separate hydro meters, heating systems, private laundry, and tasteful finishes throughout. Both units include crisp white kitchens with matching appliances that contrast with dark flooring for a clean, contemporary look. Bathrooms are finished with large-format grey tiles, white subway tile tub surrounds, full bathtubs, and modern vanities. The upper unit now offers fresh paint, updated lighting, newer stove, micro-vent (2024), central air, and a walkout to a private deck. The lower unit is bright and inviting with updated LED lighting (2025), a newer washer/dryer, and its own outdoor space. Each unit also features a dishwasher and in-suite laundry. Ideally located on a quiet street just steps from Orangeville's vibrant downtown, this property offers exceptional walkability to shops, schools, restaurants, plazas, and transit. Situated on a rare oversized lot with no sidewalk out front, it boasts ample parking and two rear yard spaces divided by a privacy fence offering the feel of two full-sized backyards. Additional updates include a new roof (2018), attic insulation and venting (2020), updated sewer and water lines (2015), and newer mechanicals throughout. A turnkey opportunity in a desirable location. Please note:Lower level interior photos are from prior to tenancy. (id:60365)
Property Details
| MLS® Number | W12461108 |
| Property Type | Single Family |
| Community Name | Orangeville |
| AmenitiesNearBy | Public Transit, Schools |
| EquipmentType | Water Heater |
| Features | Flat Site, Carpet Free |
| ParkingSpaceTotal | 5 |
| RentalEquipmentType | Water Heater |
| Structure | Deck, Shed |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 5 |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Bungalow |
| BasementFeatures | Apartment In Basement, Separate Entrance |
| BasementType | N/a |
| ConstructionStatus | Insulation Upgraded |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FlooringType | Tile |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Carport | |
| Garage |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 120 Ft |
| SizeFrontage | 58 Ft |
| SizeIrregular | 58 X 120 Ft |
| SizeTotalText | 58 X 120 Ft |
| ZoningDescription | R2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bathroom | 1.52 m | 2.53 m | 1.52 m x 2.53 m |
| Lower Level | Utility Room | 2.34 m | 2.73 m | 2.34 m x 2.73 m |
| Lower Level | Kitchen | 3.3 m | 3.93 m | 3.3 m x 3.93 m |
| Lower Level | Living Room | 3.48 m | 6.06 m | 3.48 m x 6.06 m |
| Lower Level | Bedroom 4 | 3.15 m | 2.79 m | 3.15 m x 2.79 m |
| Lower Level | Bedroom 5 | 3.62 m | 2.9 m | 3.62 m x 2.9 m |
| Main Level | Kitchen | 3.53 m | 5.16 m | 3.53 m x 5.16 m |
| Main Level | Living Room | 3.61 m | 4.21 m | 3.61 m x 4.21 m |
| Main Level | Primary Bedroom | 3.51 m | 3.04 m | 3.51 m x 3.04 m |
| Main Level | Bedroom 2 | 3.51 m | 2.51 m | 3.51 m x 2.51 m |
| Main Level | Bedroom 3 | 2.83 m | 3.07 m | 2.83 m x 3.07 m |
| Main Level | Bathroom | 2.46 m | 1.51 m | 2.46 m x 1.51 m |
https://www.realtor.ca/real-estate/28987068/40-centre-street-orangeville-orangeville
Adrian Muscat
Broker
115 First Street
Orangeville, Ontario L9W 3J8
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October 15 2025 01:54:46
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