7 Bedroom
4 Bathroom
2,500 - 3,000 ft2
Wall Unit
Baseboard Heaters
$1,245,000
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:61594)
Property Details
|
MLS® Number
|
S13160936 |
|
Property Type
|
Multi-family |
|
Community Name
|
Orillia |
|
Amenities Near By
|
Beach |
|
Community Features
|
Community Centre, School Bus |
|
Features
|
Irregular Lot Size, Flat Site, Conservation/green Belt, Dry, Carpet Free, Sump Pump |
|
Parking Space Total
|
8 |
|
Structure
|
Deck, Porch |
Building
|
Bathroom Total
|
4 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Below Ground
|
2 |
|
Bedrooms Total
|
7 |
|
Age
|
51 To 99 Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater, Water Meter, Dishwasher, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Finished |
|
Basement Features
|
Apartment In Basement, Walk Out |
|
Basement Type
|
N/a, N/a, N/a (finished) |
|
Construction Status
|
Insulation Upgraded |
|
Construction Style Split Level
|
Sidesplit |
|
Cooling Type
|
Wall Unit |
|
Exterior Finish
|
Brick, Vinyl Siding |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Baseboard Heaters |
|
Size Interior
|
2,500 - 3,000 Ft2 |
|
Type
|
Fourplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Access Type
|
Year-round Access |
|
Acreage
|
No |
|
Land Amenities
|
Beach |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
203 Ft ,10 In |
|
Size Frontage
|
87 Ft ,10 In |
|
Size Irregular
|
87.9 X 203.9 Ft ; 80.41 X 220.28 X 82.89 X 204.04 Ft |
|
Size Total Text
|
87.9 X 203.9 Ft ; 80.41 X 220.28 X 82.89 X 204.04 Ft|under 1/2 Acre |
|
Surface Water
|
Lake/pond |
|
Zoning Description
|
R2-8 |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29790391/22-olive-crescent-orillia-orillia
