For Sale: 22 Olive Crescent, Orillia, ON - REW
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$1,179,000
5 + 2 bd • 4 ba • 2500 - 3000 sf • Fourplex
22 Olive Crescent
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$1,179,000
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22 Olive CrescentOrillia, ON, L3V 1G1

  • 5 + 2 Bed
  • 4 Bath
  • 2500 - 3000 Sqft
  • Fourplex

About this home

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.
Listed by: Peggy Hill, RE/MAX HALLMARK PEGGY HILL GROUP REALTY

Home facts and features

Price details
List Price
$1,179,000
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Gross Taxes for 2025
$4,943
Home facts
Bedrooms
5 + 2
Full Bathrooms
4
Parking Spaces
8
Parking Details
Private Triple
Property Type
Fourplex
Lot Size
87 ft x 203 ft (17919 ft²)
Depth
203.88
Frontage
87.89
Year Built
51 - 99 yrs old
Exterior Finish
Brick, Vinyl Siding
Heating Type
Baseboard, Electric
Cooling
Wall Unit(s)
Basement Details
Apartment, Walk-Out, Finished
Features
Arts Centre, Beach, Carbon Monoxide Detectors, Deck, Greenbelt/Conservation, Lake/Pond, Porch, Rec./Commun.Centre, School Bus Route, Smoke Detector, Year Round Living
Agent details
Primary Agent
Primary Broker
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Secondary Agent
Naomi Mcphee
Secondary Broker
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Listing details
Days on REW
74 Days
Property Views
30
MLS® Number
S13649236
Source
Toronto Real Estate Board
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Property Insights

Orillia Christian School
  • Private
  • JK - 8
Orillia Campus School
  • Public
  • 9 - 12
Regent Park Public School
  • Public
  • JK - 8
St Bernard's School
  • Catholic
  • JK - 8
Harriett Todd Public School
  • Public
  • JK - 8
Twin Lakes Secondary School
  • Public
  • 9 - 12
Lions Oval Public School
  • Public
  • JK - 8
Orillia Secondary School
  • Public
  • 9 - 12
ÉÉC Samuel-de-Champlain
  • Catholic
  • JK - 6
Orchard Park Elementary School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Peggy Hill
Phone:
705-739-4455
Cell:
705-739-4455
Office:
705-739-4455
Salesperson
Naomi Mcphee
Phone:
705-817-1100
Cell:
705-817-1100
Office:
705-739-4455
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