22 Olive Crescent, Orillia, ON L3V 1G1
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 22 Olive Crescent, Orillia, ON L3V 1G1
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# S13160936
Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY
On market since May 22, 2026
22 Olive Crescent, Orillia, ON L3V 1G1 is listed for $1,245,000 CAD.
22 Olive Crescent, Orillia, ON L3V 1G1 has 7 bedrooms and 4 bathrooms.
22 Olive Crescent, Orillia, ON L3V 1G1 is a Fourplex.
22 Olive Crescent, Orillia, ON L3V 1G1 is in Orillia, Ontario.
22 Olive Crescent, Orillia, ON L3V 1G1 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 22 Olive Crescent, Orillia, ON L3V 1G1 (MLS# S13160936). You can also send a message through the contact form on this site.
