197 Palmer Avenue Kitchener, Ontario N2G 3P7
$949,900
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! (id:60365)
Property Details
| MLS® Number | X12487269 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit, Place Of Worship, Schools, Hospital |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 3 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 4 |
| Age | 100+ Years |
| Appliances | Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a, N/a (finished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Place Of Worship, Schools, Hospital |
| Sewer | Sanitary Sewer |
| SizeDepth | 90 Ft ,1 In |
| SizeFrontage | 40 Ft ,1 In |
| SizeIrregular | 40.1 X 90.1 Ft |
| SizeTotalText | 40.1 X 90.1 Ft |
| ZoningDescription | R5 |
https://www.realtor.ca/real-estate/29043476/197-palmer-avenue-kitchener
Lee S. Quaile
Broker of Record
75 King St South #50a
Waterloo, Ontario N2J 1P2
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October 29 2025 03:03:48
Toronto Real Estate Board
Chestnut Park Realty(Southwestern Ontario) Ltd
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