$1,245,000
FOR SALE

Fourplex Sidesplit

Bedrooms: 7Bathrooms: 4Lot: 87.89 x 203.88 ft
2025 Taxes: $4,943.41

22 Olive Cres
Orillia, ON L3V 1G1 | Simcoe

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.
Extras
Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Water Meter
Share
Listed By RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S13160936
Last Updated May 29, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 586800013
Legal Description PT LT 36 RCP 1708 ORILLIA PT 2, 51R9730; LT 37 RCP 1708 ORILLIA; ORILLIA
Possession Date Flexible
Taxes (2025) $4,943.41
Directions/Cross Streets West Street S/Olive Cres
Neighbourhood Orillia
Area Simcoe
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 7
Bathrooms 4
Lot 87.89 x 203.88 ft
Exterior Brick
Air Conditioning Wall Unit(s)
Family Room Y
Basement Apartment, Walk-Out, Finished
Garage Type None
Parking Spaces 8
Heat Source Electric
Heat Type Baseboard
Sewers Sewer

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)