22 Olive Crescent, Orillia, ON L3V 1G1
- $1,179,000
- 7
- BD
- 4
- BA
- 2,500
- SqFt
- List Price
- $1,179,000
- MLS#
- S13649236
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- Sidesplit
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 2500-3000
- Province
- ON
- Municipality
- Orillia
- Area
- Simcoe
- Neighborhood
- Orillia
- Subdivision
- West Street S/Olive Cres
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.
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Additional Information
- Taxes
- $4,943
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- Wall Unit(s)
- Family Room
- Yes
- Kitchens
- 4
- Exterior
- Brick, Vinyl Siding
- Waterfront Type
- None
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 8
- Parking Type
- Private Triple
Mortgage Calculator
Listing courtesy of RE/MAX HALLMARK PEGGY HILL GROUP REALTY.