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$ 949,900
Est. payment /mo
Active
197 Palmer AVE Kitchener, ON N2G 3P7
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X12487269
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,110
Tax Year 2025
Property Sub-Type Triplex
Property Description
Don't miss this exceptional opportunity to own a cash-flowing, fully updated legal triplex in the heart of the city. Perfect for the savvy investor or owner-occupant, this property offers impressive income potential with top-to-bottom renovations. The main floor and upper unit are currently vacant, freshly painted, and ready for immediate possession. The lower unit is tenanted, providing instant income. This property has been meticulously upgraded with a modern metal roof, new windows and doors, and updated electrical and plumbing systems meeting today's standards. Inside, each suite features stylish new flooring, contemporary bathroom finishes, private entrances, and in-suite laundry for ultimate tenant appeal. Outdoor spaces include spacious verandas and balconies, perfect for enjoying morning coffee or evening sunsets. Move-in ready and designed to attract high-quality tenants, this triplex combines modern convenience, classic charm, and strong income potential. Whether you're looking to expand your portfolio or move into one unit and rent out the others, this is a turnkey investment you won't want to miss!
Location
Province ON
County Waterloo
Area Waterloo
Zoning R5
Rooms
Family Room Yes
Basement Separate Entrance, Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Water Heater
Cooling Wall Unit(s)
Inclusions 1 DISHWASHER, 3 FRIDGES, 3 STOVES, 3 WASHERS, 3 DRYERS
Exterior
Parking Features Private Triple
Pool None
Roof Type Metal
Lot Frontage 40.07
Lot Depth 90.05
Total Parking Spaces 3
Building
Building Age 100+
Foundation Poured Concrete
Others
Senior Community No
ParcelsYN No
Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD