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

Your Agent

Steven Abbott

Sales Representative

705-739-4455


Listing provided by Steven Abbott, Sales Representative, The Peggy Hill Group

Property Attributes
  • ID#S13649236
  • TypeMulti-Family
  • Listing Status New
  • CityOrillia
  • AreaOrillia
  • NeighbourhoodOrillia
  • Postal CodeL3V 1G1
  • StyleSidesplit
  • Taxes$ 4943
  • Price$ 1,179,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2500-3000
  • Lot Size0.41 Acres
Data Source:
Toronto Real Estate Board (TRREB)
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.

Price History
8/7/2026 Listed $1,179,000

General Features

Sewer Sewer
Cooling Wall Unit(s)
Roof Asphalt Shingle
Architectural Style Sidesplit
Pool Features None
Security Features Carbon Monoxide Detectors,Smoke Detector
Construction Materials Brick,Vinyl Siding
Waterview Partially Obstructive
Heater Type Baseboard
Parking Spaces 8
Topography Dry,Flat
Property Subtype Fourplex
Tax Year 2025
Lot Depth 203.88
PropertyFeatures Arts Centre,Beach,Greenbelt/Conservation,Lake/Pond,Rec./Commun.Centre,School Bus Route
County Simcoe
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction North
Garage Y/N No
Status New
City Orillia
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 4943.41
Standard Status Active
Occupancy Type Partial
Legal Description PT LT 36 RCP 1708 ORILLIA PT 2,51R9730; LT 37 RCP 1708 ORILLIA; ORILLIA

Interior Features

Interior Amenities Accessory Apartment,Carpet Free,In-Law Capability,Primary Bedroom - Main Floor,Separate Hydro Meter,Sump Pump,Upgraded Insulation,Water Heater Owned,Water Meter
Basement Apartment,Walk-Out,Finished
Heat Source Electric
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 7
Elevator? No
Total Baths 4
Bedrooms 5+2
Living Area Range 2500-3000

Exterior Features

Exterior Amenities Deck,Porch,Year Round Living
Waterfront None
Parking Features Private Triple
Total Parking 8.0
Garage Type None
Foundation Details Concrete Block
Spa No
Lot Size Source MPAC
Waterfront Y/N No
Covered Spaces 0.0

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
Visits
AVG 5
15
Data Provided by Inside Real Estate®

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Your Agent

Steven Abbott

Sales Representative

705-739-4455


Listing provided by Steven Abbott, Sales Representative, The Peggy Hill Group

Listed By
RE/MAX HALLMARK PEGGY HILL GROUP REALTY

Areas We Cover