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Est. payment | -/mo

7 Beds

4 Baths

Save

Est. payment | -/mo

Save

7 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Orillia

MLS Listing ID S13160936

Style Sidesplit

Bedrooms 7

Annual Tax Amount $4,943

Tax Year 2025

Property Sub-Type Fourplex

Property 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.

Location

Province ON

County Simcoe

Area Simcoe

Zoning R2-8

Rooms

Family Room Yes

Basement Apartment, Walk-Out, Finished

Kitchen 4

Separate Den/Office 2

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)

Inclusions Stove x4, Fridge x4, Dishwasher, Light Fixtures, Coin Operated Washer & Dryer, Ceiling Fan, AC Units x3.

Exterior

Exterior Feature Deck, Porch, Year Round Living

Parking Features Private Triple

Pool None

Roof Type Asphalt Shingle

Road Frontage Year Round Municipal Road

Lot Frontage 87.89

Lot Depth 203.88

Total Parking Spaces 8

Building

Building Age 51-99

Foundation Concrete Block

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN Yes

Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY

Schools and Properties Nearby

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22 Olive CRES Orillia, ON L3V 1G1