22 OLIVE CRESCENT, Orillia
$1,179,000
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 7 bedrooms, 4 bathrooms
- Living area
- 3,000 sqft
- MLS®
- MLS® S13649236
- Neighbourhood
- Orillia
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.
Sold data
Multiplex homes in Orillia — recent sold market
Multiplex homes in Orillia took a median of 31 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 54, across 40 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $616,950.
Homes sold for about 4.7% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
- Median days to sell
- 31
- Median sale price
- $616,950
- Sale-to-list ratio
- 95.3%
- Sold above asking
- 3%
Based on 40 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Orillia
Orillia has 14 Fraser Institute–rated schools (11 elementary and 3 secondary), averaging 5.1/10.
- Rated schools
- 14
- Elementary
- 11
- Secondary
- 3
- Average rating
- 5.1 / 10
Top-rated schools in Orillia
- Notre Dame — elementaryFraser rating 6.1/10
- Marchmont — elementaryFraser rating 6.0/10
- Harriett Todd — elementaryFraser rating 5.8/10
- Monsignor Lee — elementaryFraser rating 5.6/10
- St Bernard's — elementaryFraser rating 5.6/10
- Ardtrea/Cumberland Beach — elementaryFraser rating 5.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 22 OLIVE CRESCENT
$734,999
Multiplex742,500–3,000 sqft1-4 - 58 PENETANG STREET, Codrington, Barrie
$1,200,000
Multiplex7+143,500–5,000 sqft41 HIGH STREET, Sutton & Jackson's Point, Georgina
$1,199,000
Multiplex7+352,500–3,000 sqft8867 MCKINNON ROAD, Angus, Essa
$1,088,888
Multiplex632,000–2,500 sqft137 VANCOUVER STREET, Codrington, Barrie
$759,900
Multiplex841,500–2,000 sqft102 DUNLOP STREET, Orillia, Orillia
$1,274,500
Detached7+332,500–3,000 sqft1603 WEDGEWOOD DRIVE, Wasaga Beach, Wasaga Beach
$1,200,000
Detached6+243,000–3,500 sqft32 REYNOLDS LANE, Edgehill Drive, Barrie
$945,000
Detached7+242,500–3,000 sqft6435 12/13 STAYNER SIDE ROAD, Rural Clearview, Clearview