22 Olive Crescent, Orillia, ON L3V 1G1

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.

Home details

Days on market

Not reported

Property type

Fourplex

MLS® number

S13649236

Source status

New

Bedrooms

7

Bathrooms

4

Postal code

L3V 1G1

Kitchens

4

Kitchens above grade

3

Kitchens below grade

1

Family room / den

Yes

Interior size (reported range)

2500-3000 (units not reported)

Lot size

0.41 acres

Lot depth

203.88 ft

Garage parking spaces

Not reported

Total parking spaces

8

Occupancy

Partial

Possession type

Flexible

Garage

None

Annual property tax

4943.41

Basement

Apartment, Walk-Out, Finished

Interior features

Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Water Meter

Exterior features

Deck, Porch, Year Round Living

Architectural style

Sidesplit

Parking features

Private Triple

Pool features

None

Fireplace

No

Waterfront

No

Elevator

No

Garage available

No

Heating system

Baseboard

Heating fuel

Electric

Cooling

Wall Unit(s)

Sewer

Sewer

Direction facing

North

Construction materials

Brick, Vinyl Siding

Roof

Asphalt Shingle

Foundation

Concrete Block

MLS entry age (not confirmed DOM)

92 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Sewer

Sewer

Heating system

Baseboard

Heating fuel

Electric

Cooling

Wall Unit(s)

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Bedrooms above grade

5

Bedrooms below grade

2

Rooms above grade

12

Rooms below grade

5

Den / family room reported

Yes

Reported counts are shown independently. Room dimensions have not been inferred from these counts.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$1,179,000

1. Aug 7, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

Simcoe

Municipality

ORILLIA