Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Air Conditioning: Yes
Amenities: Separate Hydro Meters
Basement Development: Finished
Basement Type: N/A, N/A, N/A
Construction Status: Insulation upgraded
Construction Style - Split Level: Sidesplit
Exterior Finish: Brick, Vinyl siding
Fire Protection: Smoke Detectors
Floor Space: 2500 - 3000 sqft
Foundation Type: Block
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: Wall unit
Appliances: Water meter, Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 5+2
Bathrooms: 4
Access Type: Year-round access
Amenities Nearby:
Community Features: Community Centre, School Bus
Features: Irregular lot size, Flat site, Conservation/green belt, Dry, Carpet Free, Sump Pump
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 203.8 Feet
Lot Frontage: 87.8 Feet
Lot Size: 87.9 x 203.9 FT ; 80.41 x 220.28 x 82.89 x 204.04 ft
Structure Type: Deck, Porch
Surface Water:
Utility Type: Sewer - Installed, Hydro - Installed, Cable - Available
Zoning: R2-8
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 8

Courtesy of: RE/MAX HALLMARK PEGGY HILL GROUP REALTY

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Demographic Information of 22 OLIVE CRESCENT, Orillia, Ontario, L3V 1G1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$69,787.95

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

39.51 %

High school certificate or equivalent

30.66 %

Apprenticeship trade certificate/diploma

4.87 %

College/non-university certificate

16.88 %

University certificate (below bachelor)

0.02 %

University Degree

8.06 %

Commuter

Travel To Work

By Car

95.55 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

4.45 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.04 %

Houses

86.96 %

22 OLIVE CRESCENT, Orillia, Ontario, L3V 1G1

Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 22 OLIVE CRESCENT, Orillia, Ontario, L3V 1G1

Demographic Information of 22 OLIVE CRESCENT, Orillia, Ontario, L3V 1G1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent