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Listed price in listed location currency (CAD).
$1,179,000

748

MLS® S13649236

Overview

Key Facts

Type Quadruplex
Levels Residential
Size -
Garage None
Taxes $4,943
Days Active 1
Lot Size 0.41
Approx. Age 
MLS® Number S13649236

Property Address: 22 Olive Cres, Orillia, ON, L3V1G1

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberS13649236
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementApartment, Walk-Out, Finished
DrivewayGarage Type:None
Garage Spaces
HeatElectric, Baseboard
A/CWall Unit(s)

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $1,179,000

For Sale · 1 day

$1,179,000

MLS® S13649236

A day ago

Not Sold Yet

September 2026, Canceled for $1,245,000

Canceled · 130 days

$1,245,000

MLS® S13160936

In 2 months

Canceled on Sep 30, 2026

August 2026, For Sale for $1,179,000

For Sale · 1 day

$1,179,000

MLS® S13649236

A day ago

Not Sold Yet

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