22 Olive Crescent, Orillia, ON L3V 1G1
Orillia · Near West Street S/Olive Cres · View map
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.
The home
- Type
- Fourplex
- Style
- Sidesplit
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 5
- Basement bedrooms
- 2
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 12
- Basement
- Apartment, Walk-Out, Finished
- Lot size
- 87.9 x 203.9 ft
- Faces
- North
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Brick, Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Air conditioning
- Wall Unit(s)
- Fireplace
- No
Garage & parking
- Driveway spaces
- 8
- Total parking
- 8
- Parking features
- Private Triple
Taxes & other
- Property taxes
- $4,943/yr
- Tax year
- 2025
- Occupancy
- Partial
- Possession
- Flexible
- Cross street
- West Street S/Olive Cres
- Neighbourhood
- Orillia
More
- Price per sq ft
- ~$429 (at 2,750 sq ft)
- MLS® number
- S13649236
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The home and its surroundings
- Accessory Apartment
- Carpet Free
- In-Law Capability
- Primary Bedroom - Main Floor
- Separate Hydro Meter
- Sump Pump
- Upgraded Insulation
- Water Heater Owned
- Water Meter
- Arts Centre
- Beach
- Greenbelt/Conservation
- Lake/Pond
- Rec./Commun.Centre
- School Bus Route
- Deck
- Porch
- Year Round Living
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
22 Olive Crescent, Orillia, ON L3V 1G1
Orillia · Near West Street S/Olive Cres
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Listing history for 22 Olive Crescent
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 22 Olive Crescent
Answers come straight from this home’s MLS® listing.
How much is 22 Olive Crescent listed for, and what would it cost each month?
22 Olive Crescent is listed for $1,179,000. With 20% down ($235,800), the mortgage payment would be roughly $4,756 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,168 a month, all in. That figure is an illustration, not a quote.
Is 22 Olive Crescent freehold or a condo, and is there a monthly fee?
22 Olive Crescent is a fourplex in Orillia. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 22 Olive Crescent have?
22 Olive Crescent has 5 bedrooms, plus 2 more bedrooms in the basement, and 4 bathrooms. The listing gives the style as sidesplit.
Does 22 Olive Crescent have a garage and parking?
The listing does not show a garage. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
Does 22 Olive Crescent have a finished basement?
The listing describes the basement as apartment, walk-out, finished. It counts 2 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 22 Olive Crescent?
22 Olive Crescent is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 22 Olive Crescent, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 87.9 x 203.9 ft.
How is 22 Olive Crescent heated and cooled?
Heating is baseboard (electric). Cooling is wall unit(s).
What are the property taxes for 22 Olive Crescent?
Property taxes are $4,943 a year (2025), or about $412 a month.
Where is 22 Olive Crescent?
22 Olive Crescent is in Orillia. The nearest main intersection is West Street S/Olive Cres. The postal code is L3V 1G1.
Is 22 Olive Crescent still for sale?
Yes. It is an active listing (MLS® S13649236). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 22 Olive Crescent asking?
Similar properties for sale nearby right now include 199 Nottawasaga Street at $950,000 (5 bed), 240 Clayborne Place at $989,000 (6 bed) and 416 Gill Street at $1,150,000 (8 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 22 Olive Crescent sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 22 Olive Crescent?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Fourplex$1,150,000416 Gill Street, Orillia8 bed · 4 bath · OrilliaCourtesy of: RE/MAX Jazz INC.View home →Courtesy of: RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.