240 Clayborne Place,Orillia, ON L3V 1M5
Orillia, ON L3V 1M5
Description
An excellent opportunity to start or expand your investment portfolio! Less than a five-minute drive to the waterfront, this professionally managed Orillia fourplex features four self-contained apartments, including two 2-bedroom units and two 1-bedroom units. Each suite is separately metered for hydro, with tenants paying their own electricity. Two units have been updated with refreshed interiors, while the remaining two offer potential for future improvements. Existing tenancies provide rental income from day one, with two suites currently rented below market, offering long-term income growth potential through future tenant turnover and renovations. Parking for six vehicles out front adds convenience for residents, while a generous rear yard provides outdoor space to enjoy. Whether you're purchasing your first multi-unit property or adding to an existing portfolio, this fourplex offers a compelling combination of established income, future potential and proximity to the waterfront. Income and Expenses available
Details
| MLS # | S14088928 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 19 |
| Listing Provided By | CENTURY 21 B.J. ROTH REALTY LTD. | S14088928 074711 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.08 |
Interior
| Interior Features | Separate Hydro Meter |
|---|---|
| Heating Yes / No | Yes |
| Cooling | None |
| Heat Source | Electric |
| Fireplace Yes / No | No |
| Rooms Total | 13 |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Slab |
| Lot Features | Irregular Lot |
| Construction Materials | Brick, Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5516 |
|---|---|
| Tax Legal Description | Pt Blk 3 S/S Atherly Rd Pl 388 Orillia Being Pts 1 |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 1M5 |
| Area | Orillia |
| Listing VS Median (in L3V 1M5) | |
Price: $989,000 low | high Med: $0 On site: 19 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 1M5 |
| Area | Orillia |
| Listing VS Median (in L3V 1M5) | |
Price: $989,000 low | high Med: $0 On site: 19 low | high Med: | |
 | $1,150,000416 Gill StreetOrillia, ON L3V 4K6 |
