22 Olive Crescent
Orillia, ON
- 7 bed
- 4 bath
- approx. 2500-3000 sqft
- Fourplex
- 44 days on market
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.
Listing Details
- Taxes (2025)
- $4,943
- Listed
- August 7, 2026
Price History
Listing history
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Property
- Style
- Sidesplit
- Age
- 51-99
- Construction
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Water Meter
- Lot Size
- 87.89 x 203.88 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 8
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- West Street S/Olive Cres
- Zoning
- R2-8
- Parcel Number
- 586800013
- Possession
- Flexible
- Occupancy
- Partial
Included
- Inclusions
- Stove x4, Fridge x4, Dishwasher, Light Fixtures, Coin Operated Washer & Dryer, Ceiling Fan, AC Units x3.
- Exclusions
- Tenant's Belongings.
- Rental Items
- None.
Schools
Elementary
- Regent Park Public School1 km
Public · Simcoe County DSB · 465 students
Grade 3 reading: 41% met the provincial standard · Grade 6 math: 44% met the provincial standard
- St Bernard's Separate School1.4 km
Catholic · Simcoe Muskoka CDSB · 240 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 9% met the provincial standard
- Harriett Todd Public School2.5 km
Public · Simcoe County DSB · 470 students
Grade 3 reading: 31% met the provincial standard · Grade 6 math: 50% met the provincial standard
Secondary
- Twin Lakes Secondary School2.5 km
Public · Simcoe County DSB · 835 students
Grade 10 literacy: 85% met the provincial standard
- Orillia Secondary School3.5 km
Public · Simcoe County DSB · 1275 students
Grade 10 literacy: 83% met the provincial standard
- Patrick Fogarty Catholic Secondary School4.6 km
Catholic · Simcoe Muskoka CDSB · 720 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3V
- Population
- 48,651
- Private dwellings
- 22,293
- Median age
- 47.6
- Average household size
- 2.3
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Orillia · last 12 months
- Median sold price
- $590,000
- Homes sold
- 542
- Median days on market
- 27
- Sale-to-list price
- 96.4%
Based on 542 recorded sales of residential freehold properties in Orillia over the last 12 months.
Listed by
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Walk Score
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Location
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Mortgage Calculator
$235,800
Estimated Monthly Payment
$5,792
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,792/mo (20% down, 5.5%)
Taxes: $412/mo · Insurance: $295/mo
Estimates only. Consult a financial advisor.
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