22 Olive Crescent, Orillia
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:1945)
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Property details for 22 Olive Crescent, Orillia
- Type
- Multi-family
- Bedrooms
- 7
- Bathrooms
- 4
- Lot Size
- 87.9 x 203.9 FT ; 80.41 x 220.28 x 82.89 x 204.04 ft
- Basement
- Finished, Apartment in basement, Walk out, N/A, N/A, N/A
- Parking
- No Garage
- Heating
- Baseboard heaters, Electric
- Cooling
- Wall unit
- Exterior
- Brick, Vinyl siding
- Annual Taxes
- $4,943
Nearby Listings Stat
Estimated price and comparable properties near 22 Olive Crescent
Active Listings
1
Min Price
$1,179,000
Max Price
$1,179,000
Avg Price
$1,179,000
Days on Market
42
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Orillia, Ontario
Population
404
Median Age
56.1
Median Income
$23,061
Dwelling Value
$85,331
Housing Tenure
Owners 73%
Renters 30%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.8
Pop. Density: 3,124.5/km²
Avg Shelter Cost: $656/mo
Owners with Mortgage: 46.9%
Owners Spending 30%+: 12.5%
Tenants Spending 30%+: 53.8%
English only: 97.5%
English and French: 3.7%
Median Household Income: $37,760
Median Employment Income: $20,928
Price History
Listed
August 7, 2026
by RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Current Price
$1,179,000
Type
Multi-family
For Sale
