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Listed 2 months ago

1 Third Avenue

Orangeville, Orangeville

$950,000

Detached|2 1/2 Storey
3 | 2 | 10
About this home

Opportunity Is Knocking! Prime premium corner location in the heart of Downtown Orangeville, zoned C5 and offering endless possibilities.This well-cared-for century home (circa 1910) showcases timeless character including exposed brick walls, original oversized trim, a stunning curved bannister, tray ceilings, and charming architectural details throughout. Enjoy a welcoming front porch, French doors off the kitchen leading to a deck, and a large screened-in porch-perfect for relaxing or entertaining.The property has been updated throughout, featuring new flooring, a new main-floor bathroom, and a brand-new boiler system. Major improvements over the years include an updated roof, vinyl windows on the main level, paved driveway and parking area, and updated window coverings.The upper floor/loft offers excellent rental or income potential, making this legal duplex a flexible option for residential, commercial, or mixed-use purposes. Dual driveways and entrances off both First Street and Third Street provide exceptional access and ample parking.Set in a highly walkable location, just steps to shops, restaurants, and downtown amenities, this property combines charm, flexibility, and convenience. If you're looking for a beautifully maintained century property with income potential, business flexibility, and a premier downtown setting, look no further.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size2500-3000 sq. ft.
Property Tax$7,217
Lot Size69.31 ft x 58.79 ft
mls© NumberW13586556
Listed ByREVEL REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,863
Property tax
$601
Heat allowance
$150
Housing costs
$5,614 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $190,000
25-yr amortization

Income needed

$173,000

gross annual household income

Payment at 4%
$3,998 / mo
Cash down
$190,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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