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6
BEDROOMS 4
BATHROOMS 4
KITCHENS 13
ROOMS S14088928
MLSID Contact Us
Property 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
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2022-03-25 | 2022-04-07 | 13 | $899,900 | $925,000 |
Property Features
Separate Hydro Meter, Private, Irregular Lot
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Property Details
Address
240 Clayborne Place
Community
City
Postal Code
L3V 1M5
Property Type
Fourplex, Fourplex
Zoning
Residential
Lot Size
31' x 108'
Taxes
$5,516 (2025
Basement
Crawl Space
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Century 21 B.J. Roth Realty Ltd.
Downtown Orillia, Legal Fourplex, has been continually upgraded, offering great income producing potential. Secure an income-focused legal fourplex in downtown Orillia. Upgrades include all new decks, windows, and a new roof to the exterior of the property. The property offers a mix of 2 X two-bedroom units and, 2 X one-bedroom units. Additionally, the property is of a unique shape offering a double detached garage in the back corner of the lot. Three of the four units have been extensively renovated with updated kitchens, bathrooms, flooring, paint, and appliances and are tenanted; the last unit to be renovated has just become vacated. With 8 parking spaces, separate electrical meters. Located Downtown, close to beaches, schools, shopping and the Hospital.
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