Salehian.com 647-325-5000

22 Olive Crescent

Orillia, Orillia, L3V 1G1

$1,179,000

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  • 5+2 bedrooms
  • 4 bathrooms
  • 8 parking
  • 2500-3000 sq ft

Listed 74 days ago · MLS® S13649236

About this home

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.

Details

Type
Fourplex
Style
Sidesplit
Age
51-99 years
Size
2500-3000 sq ft
Lot
87.89 × 203.88 ft
Basement
Apartment, Walk-Out, Finished
Garage
None
Kitchens
4
Property tax
$4,943 (2025)
Neighbourhood
Orillia
Municipality
Orillia

Interior

Bedrooms
5 above ground + 2 below
Bathrooms
2 × 4-piece (main), 1 × 4-piece (second), 1 × 4-piece (basement)
Kitchens
4 (1 below ground)
Rooms
12 above ground + 5 below
Family room or den
Yes
Fireplace
No
Features
Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Water Meter

Heating, cooling and services

Heating
Baseboard, Electric
Air conditioning
Wall Unit(s)
Water and sewer
Sewer

Building and exterior

Style
Sidesplit
Exterior
Brick, Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete Block
Age
51-99 years
Faces
North
Outdoor
Deck, Porch, Year Round Living

Parking

Total parking
8
Driveway and parking
Private Triple

Lot

Size
87.89 × 203.88 ft (irregular)
Acreage
< .50

More

Possession
Flexible
Nearby
Arts Centre, Beach, Greenbelt/Conservation, Lake/Pond, Rec./Commun.Centre, School Bus Route
Cross street
West Street S/Olive Cres

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Car-dependent

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 0 cafés and restaurants, 1 park. Nearest park: Kitchener Park (400 m).

Schools nearby

Elementary

  • Regent Park Public School
    EQAO: Gr 6 reading 77%, math 44%    15 min walk
  • St Bernard's Separate School Catholic
    EQAO: Gr 6 reading 55%, math 9%    1.3 km
  • Harriett Todd Public School
    EQAO: Gr 6 reading 81%, math 50%    2.4 km

Secondary

  • Twin Lakes Secondary School
    EQAO: Gr 9 math 35%, literacy test 85%    2.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3V

Owners / renters
70% / 30%
Median household income
$77,500
Average age
46
Children under 15
14%
Homes
67% detached, 5% high-rise
Commute by transit
2%
Population
48,651

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Mandarin 0.2%, Yue (Cantonese) 0.2%, Gujarati 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Orillia (OPP): 102 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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