40 Centre Street

About This Property

Legal Two-Unit Bungalow on a Massive Mature Lot! Three clear options for buyers: (1) Invest in a turnkey legal duplex with strong rental upside and flexible tenant positioning (2) Full-Home Living, enjoy the entire bungalow on a prime oversized lot (3) Hybrid Lifestyle, live in one unit while generating steady income from the other. A rare opportunity offering exceptional flexibility, this property allows you to rent the now-vacant upper unit at market value, occupy the full home with a single notice for vacancy, or enjoy a hybrid lifestyle with income from the lower unit. Fully renovated in 2013, the home features two legal self-contained units with separate hydro meters, heating systems, private laundry, and modern finishes throughout. Both units offer bright white kitchens, updated bathrooms, dishwashers, and in-suite laundry, while the upper unit includes fresh paint, updated lighting, central air, and a walkout to a private deck. Ideally located on a quiet street just steps to downtown Orangeville, the property sits on a rare oversized lot with no sidewalk, ample parking, and two private rear yard areas. *A vendor-offered creative financing option is available to help enhance cash flow in the first year for qualified buyers. Major updates include roof (2018), attic insulation and venting (2020), updated sewer and water lines (2015), and newer mechanicals throughout. Lower level interior photos are from prior to tenancy.