Welcome to 12 Peter Street, a bright and spacious true bungalow situated on a beautiful 0.67-acre lot in the charming hamlet of Waldemar, just 12 minutes west of Orangeville! Lovingly maintained by its original owners, this inviting home offers comfortable one-level living with three bedrooms and two full bathrooms. The sun-filled eat-in kitchen provides plenty of room for family meals and features a walkout to the deck, where you can relax and enjoy the privacy of the backyard. A separate dining room is ideal for hosting family and friends, while the cozy living room just off the kitchen offers a comfortable place to unwind. The primary bedroom features a walk-in closet and private ensuite bathroom. The convenient main-floor laundry and mudroom provides direct access to the double-car garage, which also has a separate exterior door leading to the deck. Downstairs, the expansive finished walkout basement adds an impressive amount of living space and includes a rough-in for an additional bathroom. With its separate entrance and flexible layout, the lower level offers excellent potential for an in-law suite, extended family living, a recreation area or home office. Outside, the expansive and private backyard provides plenty of room to garden, entertain or simply enjoy the peaceful surroundings. The exposed-aggregate concrete and pebble driveway provides ample parking and attractive curb appeal. Notable updates include roof shingles replaced in 2017, garage doors replaced in 2022 and the driveway completed in 2025. Located just steps from the Grand River and the Upper Grand Trailway, this home offers peaceful village living while remaining convenient for commuters. A wonderful opportunity to bring your own style and ideas to a well-cared-for home in a truly special setting.