40 Centre Street, Orangeville

Legal Two-Unit Bungalow on a Massive Mature Lot! This property is a standout opportunity offering three clear paths for buyers. 1: Investor Opportunity, Capture strong rental income by setting new market rent on the soon-to-be vacant upper unit, while the lower unit remains leased at a very near market rent. 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 spacious upper unit while benefiting from steady income from the lower unit. 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 includes a walkout to a private deck (2021), newer stove and micro-vent, and central air. 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: interior photos are from prior to tenancy. Property is currently tenanted.