22 Olive Crescent,Orillia, ON L3V 1G1
Orillia, ON L3V 1G1
Description
RENOVATED LEGAL FOURPLEX WITH MAJOR UPGRADES, LAKE SIMCOE ACROSS THE ROAD & INCOME-PRODUCING POTENTIAL! Secure an income-focused legal fourplex on nearly half an acre, positioned across from Lake Simcoe with renovated suites, strong rental potential, and neighbouring higher-end homes adding to the area's appeal. Set on an impressive 87 x 203 ft lot, 22 Olive Crescent speaks to investors, entrepreneurs, and multi-family buyers looking beyond the ordinary income property. Live in one unit, keep family close in another, and generate rental income from the remaining suites, or lease all four to capture current market value. The property offers a versatile mix of one-bedroom, three-bedroom, one-bedroom plus den, and two-bedroom suites, with only one unit below grade. Three units are currently vacant, giving the next owner control over tenant selection and market rents from day one, while three of the four suites have been extensively renovated with updated kitchens, bathrooms, flooring, trim, interior doors, and appliances. With 8 parking spaces, separate utilities except water, a common coin-operated laundry, storage, and major improvements including the roof, insulation, siding, basement waterproofing, sump pump, and ongoing landscaping enhancements, much of the heavy lifting has already been done. Minutes from Kitchener Park, beaches, boat launches, downtown Orillia, Orillia Soldiers' Memorial Hospital, schools, shops, and local parks.
Details
| MLS # | S13649236 |
|---|---|
| Listing Type | For Sale |
| Style | Sidesplit |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 23 |
| Listing Provided By | RE/MAX HALLMARK PEGGY HILL GROUP REALTY | S13649236 329900 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Acreage | 0.41 |
| Water Front | None |
Interior
| Interior Features | Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Water Meter |
|---|---|
| Cooling | Wall Unit(s) |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Deck, Porch, Year Round Living |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Concrete Block |
| Topography | Dry, Flat |
| Water View | Partially Obstructive |
| Construction Materials | Brick, Vinyl Siding |
| Security Features | Carbon Monoxide Detectors, Smoke Detector |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Triple |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4943.41 |
|---|---|
| Tax Legal Description | PT LT 36 RCP 1708 ORILLIA PT 2, 51R9730; LT 37 RCP 1708 ORILLIA; ORILLIA |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 1G1 |
| Area | Orillia |
| Listing VS Median (in L3V 1G1) | |
Price: $1,179,000 low | high Med: $0 On site: 23 low | high Med: | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Orillia |
| Postal Code | L3V 1G1 |
| Area | Orillia |
| Listing VS Median (in L3V 1G1) | |
Price: $1,179,000 low | high Med: $0 On site: 23 low | high Med: | |
