Fantastic Opportunity for First-Time Buyers, Investors, Downsizers, or Retirees! Located in the heart of the historic village of Orono, this 4-bedroom home sits on a premium 112 ft x 165 ft lot backing directly onto Orono Park, offering space, privacy, and direct access to outstanding community amenities. Enjoy tennis and pickleball courts, a ball diamond, skate park, playground, public pool, picnic areas, walking trails, and the scenic beauty of Orono Creek right from your backyard. Inside, the home features a spacious kitchen and a bright great room addition with dining area, featuring a split granite stone fireplace, and walkout to a large wraparound deck overlooking the expansive backyard and parkland beyond. A convenient main-floor primary bedroom and 4-piece bath provide comfortable everyday living, while three additional well-sized bedrooms upstairs offer plenty of space for family, guests, or a home office. The full, partially finished walkout basement beneath the great room addition includes a second fireplace and offers excellent potential for additional living space, a recreation room, workshop, home gym, or future in-law suite. While the home would benefit from some updating and TLC, it presents an outstanding opportunity for buyers looking to build equity and customize a property to their own tastes and needs. Ideally situated within walking distance of Orono's charming downtown shops, restaurants, schools, and local amenities, and just minutes from Highways 401 and 407, this property combines small-town charm with commuter convenience. The generous lot size also offers potential for a future garage on the south side of the property. An excellent opportunity to add value, build equity, and enjoy small-town living in one of Durham Region's most sought-after communities. Quick closing available.