Address
22 Olive Crescent, Orillia, ON
Price
$ 1,179,000

Your Agent

Tanya Welsh

Sales Representative

705-739-4455


Listing provided by Tanya Welsh, Sales Representative, The Peggy Hill Group

Property Attributes
  • ID#S13649236
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityOrillia
  • CityOrillia
  • AreaOrillia
  • NeighbourhoodOrillia
  • Postal CodeL3V 1G1
  • Style
  • Price$ 1,179,000
  • Bedrooms5+2
  • Bathrooms4
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)

General Features

Features Irregular lot size, Flat site, Conservation/green belt, Dry, Carpet Free, Sump Pump
Community Features Community Centre, School Bus
Property Type Multi-family
Zoning Description R2-8
CommunityName Orillia
Amenities Beach
Building Age 51 to 99 years
Building Amenities Separate Electricity Meters
Building Appliances Water Heater, Water meter, Dishwasher, Dryer, Stove, Washer, Refrigerator
Building Basement Features Apartment in basement, Walk out
Building Cooling Type Wall unit
Location Description Cross Streets: West Street S/Olive Cres. ** Directions: Hwy 12/West Street S/Olive Cres.
Parking Space Total 8
Foundation Type Block
Building Type Fourplex

Interior Features

Building Fireplace Present False
Building Heating Type Baseboard heaters
Building Heating Fuel Electric
Basement Development Finished
Basement Type N/A, N/A, N/A (Finished)
Living Area Range 2500
Bedrooms 5+2

Exterior Features

Structure Deck, Porch
Land Amenities Beach
Sewer Sanitary sewer
Exterior Finish Brick, Vinyl siding

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L3V 1G1

Price
AVG $1.18M
$1.18M

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Your Agent

Tanya Welsh

Sales Representative

705-739-4455


Listing provided by Tanya Welsh, Sales Representative, The Peggy Hill Group

Listed By
RE/MAX HALLMARK PEGGY HILL GROUP REALTY

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