240 Clayborne Place Orillia, Ontario L3V 1M5
$989,000
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 (id:49269)
Property Details
| MLS® Number | S14088928 |
| Property Type | Multi-family |
| Community Name | Orillia |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Amenities | Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Stove, Two Washers, Refrigerator |
| Basement Type | Crawl Space |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Slab |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 107 Ft ,8 In |
| Size Frontage | 30 Ft ,7 In |
| Size Irregular | 30.6 X 107.7 Ft ; Irregular |
| Size Total Text | 30.6 X 107.7 Ft ; Irregular|under 1/2 Acre |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/30413475/240-clayborne-place-orillia-orillia
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October 16 2026 10:33:10
Toronto Regional Real Estate Board
Century 21 B.j. Roth Realty Ltd.