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240 Clayborne Place, Orillia, ON L3V 1M5

$989,000
: 6
BD
: 4
BA
: 2,500
SqFt

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List Price: $989,000
MLS#: S14088928
Status: ACTIVE
Type: Multifamily
SubType: Fourplex
Style: 2-Storey
Bedrooms: 6
Bathrooms: 4
Living Area: 2500-3000
Province: ON
Municipality: Orillia
Area: Simcoe
Neighborhood: Orillia
Subdivision: Atherley Rd To East St To Clay

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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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Additional Information

Taxes: $5,516
Heat Type: Baseboard
Heat Source: Electric
Air Conditioning: None
Rooms: 13
Kitchens: 4
Exterior: Brick, Vinyl Siding
Garage Type: None
Pool: None
Parking Spaces: 6
Parking Type: Private