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    For Sale - 22 Olive Crescent, Orillia, Ontario

    Est payment $5,661/mo
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    Views   5
    Time on Jump  78 day

    AI Summary *

    • Renovated legal fourplex with strong income-producing potential across from Lake Simcoe.
    • Versatile unit mix with one, two, and three-bedroom options available.
    • Three vacant units allow control over tenant selection and market rents.
    • Significant upgrades completed, including kitchens, bathrooms, and major improvements.
    • Conveniently located near parks, beaches, and amenities in downtown Orillia.




    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

    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 Brokerage: 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 $1,179,000
    Get more info