Multi-unit residential structure with a brown shingle roof and white siding Features: water view, residential view More Photos

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    For Sale - 22 Olive Crescent, Orillia, Ontario

    Est payment $5,978/mo
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    Time on Jump  46 day

    AI Summary *

    • Renovated fourplex across from Lake Simcoe with income-generating potential.
    • Strong rental options with multiple updated suites available, three currently vacant.
    • Flexible living arrangements for families or full rental occupancy.
    • Ample parking with 8 spaces, plus storage and common laundry facilities.
    • Close to parks, beaches, downtown, and essential services for convenience.




    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.
    Listing IDS13160936
    Address22 Olive Crescent
    CityOrillia, Ontario
    Price$1,245,000
    Bed / Bath7 / 4 Full
    StyleSidesplit, Fourplex
    ConstructionBrick, Vinyl Siding
    Land Size0.41
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Water MeterOutdoor Features Deck, Porch, Year Round LivingAmenities Arts Centre, Beach, Greenbelt/Conservation, Lake/Pond, Rec./Commun.Centre, School Bus RouteOwnership FreeholdWaterfront NoneBasement Apartment, Walk-Out, FinishedFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

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    Listing Agency:  RE/MAX HALLMARK PEGGY HILL GROUP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    22 Olive Crescent
    Orillia , Ontario
    7 4 $1,245,000
    Get more info