22 Olive Crescent, Orillia, ON
Property Highlights
Welcome to this remarkable Sidesplit fourplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,179,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 87.89 x 203.88 ft lot
- Features a apartment, walk-out, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Accessory Apartment, Carpet Free, In-Law Capability
- equipped with wall unit(s) central cooling and highly efficient baseboard heating via electric
Description
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.
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Property Summary
This fourplex located at 22 Olive Crescent, Orillia is currently for sale and has been available on SousaSells for 3 days. This property is listed at $1,179,000 with an estimated mortgage of $3,924* per month. It has 7 beds, 4 bathrooms, and is 2500-3000 square feet. 22 Olive Crescent, Orillia is in the Orillia neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Orillia, Orillia.
- •7 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •2500-3000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Orillia, Orillia.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Arts Centre
- Beach
- Greenbelt/Conservation
- Lake/Pond
- Rec./Commun.Centre
- School Bus Route
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
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 22 Olive Crescent, Orillia, ON
Q.What is the asking price for 22 Olive Crescent, Orillia, ON ?
The current listing price for 22 Olive Crescent, Orillia, ON in Orillia, Orillia is $1,179,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 4 bathrooms across approximately 2500-3000 sqft.
Q.What property type and architectural style is 22 Olive Crescent, Orillia, ON ?
22 Olive Crescent, Orillia, ON is a Fourplex (Sidesplit) featuring a Apartment, Walk-Out, Finished basement.
Q.What key property features does 22 Olive Crescent, Orillia, ON offer?
Key property features include: Arts Centre, Beach, Greenbelt/Conservation, Lake/Pond, Rec./Commun.Centre, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned, Water Meter.
Q.What security features are installed at 22 Olive Crescent, Orillia, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Wall Unit(s).
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Pricing & Value Insights
Data-driven valuation for 22 Olive Crescent, Orillia, ON L3V 1G1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Orillia, ON
For a property listed at $1,179,000 in Orillia, the legal minimum down payment is $235,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,055 for this transaction. As this listing is in Orillia (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,055.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.