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For Sale - 22 Olive Crescent, Orillia, Ontario

22 Olive Crescent

Orillia , Ontario

7 4 $1,179,000

Est payment $5,661/mo

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Time on Jump 16 day

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Down Payment:
$ 58,950 ( 5% )

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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 IDS13649236

Address22 Olive Crescent

CityOrillia, Ontario

Price$1,179,000

Bed / Bath7 / 4 Full

StyleSidesplit, Fourplex

ConstructionBrick, Vinyl Siding

Land Size0.41

TypeMulti-Family

StatusFor Sale

Extras

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

Market Info

Parking 8.00

Listing Agency:
RE/MAX HALLMARK PEGGY HILL GROUP REALTY

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Listing Agency:
RE/MAX HALLMARK PEGGY HILL GROUP REALTY

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For Sale - 22 Olive Crescent, Orillia, Ontario

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