197 Palmer Avenue Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2G 3P7
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,516 sqft
Price per Sqft $593
MLS Listing ID 40675584
Bedrooms 3
Abv Grd Liv Area 1,846
Originating Board Waterloo Region
Year Built 1912
Annual Tax Amount $3,856
Property Description
Don’t Miss Out on This Prime Investment Opportunity! Legal Triplex with Projected 5%+ Cap Rate in the Heart of the City! This fully updated, cash-flowing triplex is the ideal property for the savvy investor looking to grow their portfolio. Featuring a modern metal roof and zero condo fees, this property has been meticulously gutted and revamped from top to bottom—no detail was spared! Highlighted Upgrades Include: Brand New Windows & Doors for enhanced curb appeal and energy efficiency, Updated Electrical & Plumbing to modern standards, Stylish New Flooring throughout all units, Revamped Bathrooms with contemporary finishes, Each unit offers private entrances and en-suite laundry, creating a highly desirable setup for tenants. With spacious verandas and balconies, residents can enjoy both morning and evening sun in their own outdoor space. This triplex is a must-see for serious investors. Schedule a viewing today and see why this property is the perfect addition to your portfolio!
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning R-5
Direction COURTLAND AVENUE E
Rooms
Basement Separate Entrance,Full,Finished
Kitchen 0
Interior
Interior Features None
Heating Forced Air,Natural Gas
Cooling Central Air,Wall Unit(s)
Fireplace No
Appliance Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Waterfront No
Roof Type Metal
Porch Porch
Lot Frontage 40.07
Lot Depth 90.05
Garage No
Building
Lot Description Rectangular,Ample Parking,City Lot,High Traffic Area,Highway Access,Hospital,Library,Park,Place of Worship,Playground Nearby,Public Transit,Rec./Community Centre,Schools,Shopping Nearby
Faces COURTLAND AVENUE E
Story 2
Foundation Other
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 225040144
Ownership Freehold/None