New Listing240 Clayborne Place,Orillia, ON L3V1M5
Orillia, ON L3V1M5
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 (id:13843)
Details
| MLS # | S14088928 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 6 |
| Listing Provided By | CENTURY 21 B.J. ROTH REALTY LTD. | ALICIA LINKLATER |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Residential |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric |
| Appliances | Refrigerator, Dishwasher, Stove, Dryer, Two Washers |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Slab |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 6 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5516 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V1M5 |
| Listing VS Median (in L3V1M5) | |
Price: $989,000 low | high Med: $989,000 sqft: 2,500 low | high Med: 2,500 $ / sqft: $396 low | high Med: $396 On site: 6 low | high Med: 6 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Orillia |
| Postal Code | L3V1M5 |
| Listing VS Median (in L3V1M5) | |
Price: $989,000 low | high Med: $989,000 sqft: 2,500 low | high Med: 2,500 $ / sqft: $396 low | high Med: $396 On site: 6 low | high Med: 6 | |