240 Clayborne Place, Orillia, Ontario L3V1M5
Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD..
- $989,000
- 6
- BD
- 4
- BA
- List Price
- $989,000
- Status
- ACTIVE
- Days on Market
- 10
- MLS® #
- TorontoRegionalRealEstateBoard-S14088928
- Bedrooms
- 6
- Bathrooms
- 4
- Subdivision
- Orillia
- Neighborhood
- Orillia
- MLS Area Major
- Orillia
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 (id:5764)
Additional Information
- Exterior Features
- Brick, Vinyl siding
- Taxes
- $5,516
- Community Features
- Orillia
- Appliances
- Refrigerator, Dishwasher, Stove, Dryer, Two Washers
- Heating
- Baseboard heaters, Electric
- Air Conditioning
- None
- Stories
- 2
- Foundation
- Slab
- Parking Features
- No Garage
