240 CLAYBORNE PLACE
Orillia, Ontario
MLS® S14088928
$989,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- S14088928
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- —
1 / 21Listing 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
Property summary
- MLS® number
- S14088928
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 30.6 x 107.7 FT ; Irregular
- Annual property taxes
- $5,516.00
- Parking
- 6 spaces · No Garage
- Days on market
- 17 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Basement
- Crawl space
- Appliances
- Refrigerator, Dishwasher, Stove, Dryer, Two Washers
- Exterior features
- Brick, Vinyl siding
What would this home cost you?
Based on the $989,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD., BARRIE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.