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$1,245,000
Available - For Sale
Listing ID: S13160936
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 $1,245,000
Taxes: $4,943.41
Occupancy by: Partial
Address: 22 Olive Crescent , Orillia, L3V 1G1, Simcoe
Acreage: < .50
Directions/Cross Streets: West Street S/Olive Cres
Rooms: 12
Rooms +: 5
Bedrooms: 5
Bedrooms +: 2
Washrooms: 4
Family Room: T
Basement: Apartment
Walk-Out
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Second
Washroom 3:  4 Basement
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Second
Washroom 8:  4 Basement
Washroom 9:  0
Washroom 10:  0
Property Type: Fourplex
Style: Sidesplit
Exterior: Brick
Vinyl Siding
Garage Type: None
(Parking/)Drive: Private Tr
Drive Parking Spaces: 8
Park #1
Parking Type: Private Tr
Park #2
Parking Type: Private Tr
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 2500-3000
Property Features: Arts Centre
Beach
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: A
Utilities-Hydro: Y
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RE/MAX HALLMARK PEGGY HILL GROUP REALTY

22 Olive Crescent , Orillia, L3V 1G1, Simcoe


 
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At a Glance:
Type: Freehold - Fourplex
Area: Simcoe
Municipality: Orillia
Neighbourhood: Orillia
Style: Sidesplit
Lot Size: x 203.88(Feet)
Approximate Age: 51-99
Tax: $4,943.41
Maintenance Fee: $0
Beds: 5+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Your Company Name, Brokerage
Independently owned and operated.
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