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Listed 3 months ago

52 First Street

Orangeville, Orangeville

$1,049,000

Detached|2-Storey
4 | 2 | 5
About this home

A rare opportunity to get into the Orangeville real estate market while having rental income help offset your monthly costs. Situated on a prominent corner lot at First Street and Fead Street, this solid two-storey brick duplex features two self-contained 2-bedroom, 1-bathroom units, each with its own laundry. Live in one unit and rent the other, creating an opportunity to build equity while having rental income contribute toward your ownership costs. For investors, the property's two-unit configuration and central location offer a versatile addition to a rental portfolio. Each unit offers a comfortable, functional layout, while parking for up to five vehicles is an added bonus and a valuable feature for a duplex in such a central location. Just a short walk to Orangeville's vibrant downtown Broadway, residents enjoy easy access to restaurants, cafes, shops, parks, schools and everyday amenities. Whether you're a first-time buyer looking for a more affordable path to homeownership, a homeowner wanting to offset your mortgage with rental income, or an investor seeking a well-located income property, this duplex offers flexibility and long-term potential in the heart of Orangeville.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,354
Lot Size65 ft x 96 ft
mls© NumberW13542600
Listed ByEXP REALTY

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%
$5,369
Property tax
$530
Heat allowance
$150
Housing costs
$6,049 / mo

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

Down payment20% · $209,800
25-yr amortization

Income needed

$186,000

gross annual household income

Payment at 4%
$4,414 / mo
Cash down
$209,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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