9 Second Ave
Orangeville, Orangeville, L9W 1H4
FOR SALE
$1,050,000
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Property Description
Introducing a remarkable opportunity to own a semi-detached triplex in the heart of downtown Orangeville. Welcome to this exceptional new listing at 9 Second Avenue in Orangeville. This property offers a compelling blend of living and investment potential, perfect for buyers seeking both a home and a sound income source. This intriguing property presents a rare investment opportunity in the heart of downtown Orangeville. Designed as a triplex, this house is comprised of three self-contained one-bedroom with one-4 piece bathroom units; each offering distinct charm and appeal. This property stands out not only for its potential as a steady income source but also for its ability to accommodate homeowners looking to offset their mortgage payments. Live comfortably in one unit while the other two generate rental income, thereby utilizing existing rentals to aid in your purchase qualification. Each unit in this triplex features functional living spaces geared towards comfort and practicality, making it highly attractive. Given its downtown location, residents enjoy the convenience of being close to shopping, dining, and entertainment options; all of which enhance the living experience and add value to this property's desirability. For those with vehicles, parking will never be an issue. The property includes ample space for residents and guests alike; ensuring that each unit has access to two parking spaces (6 total) which enhances its attraction. Whether you are an investor seeking to expand your portfolio or a buyer looking for a home that helps in mortgage payment through rental income, this property offers both profitability and liveability in one of the most sought-after downtown areas in Orangeville. Don't miss out on this versatile real estate opportunity. Explore the potential of 9 Second Avenue and redefine your investment or living strategy in this prime downtown location today.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-12-04 | 2022-12-15 | 11 | $1,750 | $1,800 | Leased |
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
67' x 188'
Acreage
< .50
Lot Irregularities
APRD
Fronting
South
Taxes
$5,404 (2024)
Basement
Unfinished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 9.51' x 15.42' | Pantry, Laminate, Window |
| Living | Main | 12.01' x 17.19' | O/Looks Frontyard, Window, Laminate |
| Br | Main | 11.29' x 10.30' | Window, Laminate, Closet |
| Kitchen | Main | 9.12' x 12.47' | Breakfast Bar, Window, Backsplash |
| Living | Main | 12.80' x 16.08' | Bow Window, Laminate, B/I Bookcase |
| Br | Main | 10.17' x 11.15' | Double Closet, Window, Laminate |
| Kitchen | Upper | 8.17' x 10.50' | B/I Microwave, Pot Lights, Backsplash |
| Living | Upper | 11.98' x 13.12' | Laminate, Crown Moulding, Window |
| Br | Upper | 12.27' x 17.09' | Closet, Ceiling Fan, Window |
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Orangeville Market Statistics
Orangeville Price Trend
9 Second Ave is a 3-bedroom 3-bathroom home listed for sale at $1,050,000, which is $116,819 (12.5%) higher than the average sold price of $933,181 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Orangeville increased by $70,681 (8.2%) compared to the previous 30 day period (December 22 - January 20) and up $163,848 (21.3%) from the same time one year ago.Inventory Change
There were 28 3-bedroom homes listed in Orangeville over the last 30 days (January 21 - February 19), which is up 75.0% compared with the previous 30 day period (December 22 - January 20) and down 6.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Orangeville typically sold ($16,527) (1.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $4,923 increase compared to the previous 30 day period (December 22 - January 20) and ($29,624) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Orangeville over the last 30 days (January 21 - February 19) stood at 78.6%, up from 75.0% over the previous 30 days (December 22 - January 20) and up from 60.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Orangeville stood at 17 days when successfully sold over the last 30 days (January 21 - February 19), compared to 96 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Rcr Realty
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