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
6 bedrooms, 4 bathrooms, about 2,500 sq ft, works out to roughly $396 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 240 Clayborne Pl
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
2500-3000 sq ftas stated on the listing
Lot size
30.62 x 107.65 Feet (Irregular)
Parking
6 spaces
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Crawl Space
Lot & land
Lot dimensions
30.62 x 107.65 Feet (Irregular)
Lot size (sqft)
0
Lot features
Irregular Lot
Listing & possession
Property style
2-Storey
Property class
Fourplex
240 Clayborne Pl Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S14088928$989,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 240 Clayborne Pl Compares to the Orillia Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,859
/mo
based on the purchase price of $989,000
$197,800 cash
$791,200 financed
$666,398 total interest
Principal54%$791,200
Interest46%$666,398
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Orillia
Other 5–8 bed homes for sale in Orillia around $989K.
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio96.3%On average, homes sold below asking.
Active listings298Homes for sale here right now.
Median vs prior 90 days−4.1%Compared with Apr 20 – Jul 19, 2026: prices down.
Based on 226 sales from Jul 19 – Oct 17, 2026 (140 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 240 Clayborne Pl
How much is 240 Clayborne Pl listed for?
240 Clayborne Pl is listed at $989,000 (MLS® S14088928). Summitly updates the price as soon as the MLS® record changes.
Is $989,000 a good price for 240 Clayborne Pl?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Orillia. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 240 Clayborne Pl changed?
No — 240 Clayborne Pl is still listed at its original asking price of $989,000.
How many bedrooms and bathrooms does 240 Clayborne Pl have?
240 Clayborne Pl has 6 bedrooms and 4 bathrooms, with about 2,500–3,000 square feet of living space. It is a fourplex in Orillia.
How much would the monthly mortgage be on 240 Clayborne Pl?
About $4,859 a month — principal and interest on $989,000 with 20% down ($197,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 240 Clayborne Pl compare with other homes in Orillia?
Its asking price of $989,000 is about 74% above the median sold price in Orillia over the last 90 days, $568,500, across 226 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 240 Clayborne Pl been sold before?
Summitly has no earlier MLS® sale or lease of 240 Clayborne Pl on record from the last two years. Older records aren't shown under TRREB rules.
Where is 240 Clayborne Pl?
240 Clayborne Pl is in Orillia, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 240 Clayborne Pl been on the market?
3 days — 240 Clayborne Pl was listed on October 14, 2026.
What is the price per square foot of 240 Clayborne Pl?
About $330 to $396 per square foot: the asking price of $989,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 240 Clayborne Pl have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 240 Clayborne Pl have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
