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5 FOURTH AVENUE, Orangeville — listed at $949,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A smart way to enter the Orangeville real estate market while letting rental income help with the mortgage. Welcome to 5 Fourth Avenue, a well-maintained triplex in a convenient location just off First Street and within walking distance of downtown Orangeville, shops, restaurants, parks, schools and everyday amenities. The property features three self-contained units, including two spacious 2-bedroom apartments on the main floor and a 1-bedroom apartment on the upper level. Each unit offers a functional layout with a 4-piece bathroom, while both main floor units also feature in-suite laundry. Each unit has its own separate hydro meter, simplifying utility management. For a first-time buyer, this could be an opportunity to live in one unit while renting the others, helping offset the cost of homeownership and potentially increasing your buying power compared with purchasing a single-family home. For investors, the three-unit configuration provides multiple income streams and the opportunity to add a solid, income-producing property to a growing portfolio. Whether you're looking to generate strong rental income, add to your investment portfolio, or live in one unit while renting the others, this versatile property offers incredible potential in one of Orangeville's most convenient locations. Don't miss your chance to own a solid income-producing property in a thriving community. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 2.72 x 3.85 meters |
| Dining room | Main level | 2.84 x 3.14 meters |
| Kitchen | Second level | 2.74 x 3.1 meters |
| Living room | Second level | 5.14 x 3.93 meters |
| Bedroom | Second level | 3.58 x 3 meters |
| Living room | Main level | 4.64 x 3.65 meters |
| Bedroom | Main level | 3.57 x 2.68 meters |
| Bedroom 2 | Lower level | 3.58 x 5.76 meters |
| Kitchen | Main level | 3.22 x 3.49 meters |
| Living room | Main level | 4.92 x 3.47 meters |
| Bedroom | Main level | 3.7 x 3.23 meters |
| Bedroom 2 | Main level | 3.7 x 2.66 meters |
| Den | Lower level | 3.7 x 2.52 meters |
Is 5 FOURTH AVENUE a good fit for a growing family?+
With 5 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
Does it have a basement, and is it finished?+
The listing describes the basement as: Full. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, electric. Electric heating can mean higher winter bills — ask for past utility statements.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,186, heating is baseboard heaters, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 9 spaces — Detached Garage, Garage.
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