22 Olive Crescent, Orillia, ON L3V 1G1
Orillia, ON, L3V 1G1 · Orillia
About this property
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.
Features & Amenities
- Basement: Apartment, Walk-Out, Finished
- Garage: None
- Cooling: Wall Unit(s)
- Heat Type: Baseboard
- Heat Source: Electric
- Style: Sidesplit
- Construction: Brick, Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | Sidesplit |
| Bedrooms | 7 |
| Bathrooms | 4 |
| Lot Size | 0 Feet |
| Basement | Apartment, Walk-Out, Finished |
| Garage | None |
| Parking Spaces | 8 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $4,943 |
| Tax Year | 2025 |
Interior Features
- 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
Exterior Features
- Exterior Features
- Deck, Porch, Year Round Living
- Pool Features
- None
Building & Construction
- Architectural Style
- Sidesplit
- Construction Materials
- Brick, Vinyl Siding
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Apartment, Walk-Out, Finished
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 8
- Parking Total
- 8.00
- Parking Features
- Private Triple
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.41
- Lot Size Units
- Feet
- Lot Depth
- 203.88
- Lot Width
- 87.89
- Lot Irregularities
- 80.41 x 220.28 x 82.89 x 204.04 ft
Community & Neighborhood
- Property Features
- Arts Centre, Beach, Greenbelt/Conservation, Lake/Pond, Rec./Commun.Centre, School Bus Route
Financial & Tax
- Tax Annual Amount
- $4,943
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 12
- Rooms Below Grade
- 5
- Kitchens Above Grade
- 3
- Kitchens Total
- 4
- Bedrooms Above Grade
- 5
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Partial
- Direction Faces
- North
- County Or Parish
- Simcoe
- Cross Street
- West Street S/Olive Cres
- Directions
- Hwy 12/West Street S/Olive Cres
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
22 Olive Crescent, Orillia, ON L3V 1G1, Orillia, ON, L3V 1G1