4 Bedroom
3 Bathroom
1500 - 2000 sqft
Wall Unit
Forced Air
$897,500
Dont miss this exceptional opportunity to own a cash-flowing, fully updated legal triplex in the heart of the city. Perfect for the savvy investor, this property offers impressive income potential with no condo fees and top-to-bottom renovations. Currently, the triplex features two tenanted units and one vacant unit, providing flexibility for investors or owner-occupants. This property has been meticulously upgraded, starting with a modern metal roof and new windows and doors that boost curb appeal and energy efficiency. The electrical and plumbing systems have been completely updated to meet todays standards, while stylish new flooring and contemporary bathroom finishes add a fresh, upscale feel to every unit. Each unit boasts private entrances and en-suite laundry, creating a highly desirable setup for tenants. Spacious verandas and balconies offer outdoor living spaces perfect for enjoying morning coffee or evening sunsets. Move-in ready and designed to attract high-quality tenants, this triplex combines convenience, charm, and strong income potential. Whether youre expanding your portfolio or looking for a turnkey investment, this property is a must-see! (id:51158)
Property Details
MLS® Number
|
X12067321 |
Property Type
|
Multi-family |
Amenities Near By
|
Public Transit, Place Of Worship, Schools, Hospital |
Community Features
|
Community Centre |
Parking Space Total
|
3 |
About 197 Palmer Avenue, Kitchener, Ontario
This For sale Property is located at 197 Palmer Avenue Multi-family Triplex, in the City of Kitchener. Nearby amenities include - Public Transit, Place of Worship, Schools, Hospital Multi-family has a total of 4 bedroom(s), and a total of 3 bath(s) . 197 Palmer Avenue has Forced air heating and Wall unit. This house features a Fireplace.
The Basement is Finished and features a Separate entrance.
This Kitchener Triplex's exterior is finished with Brick, Vinyl siding. Also included on the property is a No Garage
The Current price for the property located at 197 Palmer Avenue, Kitchener is $897,500 and was listed on MLS on :2025-04-07 20:47:22. The current average price in the city of is $0.00. The lowest price listed on MLS for a listing is $0.00. The highest priced 's in the area is prices at $0.00. The city of has 0 - 's listed on the MLS System.
Building
Bathroom Total
|
3 |
Bedrooms Above Ground
|
3 |
Bedrooms Below Ground
|
1 |
Bedrooms Total
|
4 |
Age
|
100+ Years |
Appliances
|
Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
Basement Development
|
Finished |
Basement Features
|
Separate Entrance |
Basement Type
|
N/a (finished) |
Cooling Type
|
Wall Unit |
Exterior Finish
|
Brick, Vinyl Siding |
Foundation Type
|
Poured Concrete |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
2 |
Size Interior
|
1500 - 2000 Sqft |
Type
|
Triplex |
Utility Water
|
Municipal Water |
Parking
Land
Acreage
|
No |
Land Amenities
|
Public Transit, Place Of Worship, Schools, Hospital |
Sewer
|
Sanitary Sewer |
Size Depth
|
90 Ft ,1 In |
Size Frontage
|
40 Ft ,1 In |
Size Irregular
|
40.1 X 90.1 Ft |
Size Total Text
|
40.1 X 90.1 Ft |
Zoning Description
|
R5 |
https://www.realtor.ca/real-estate/28132385/197-palmer-avenue-kitchener