197 PALMER Avenue, Kitchener, Ontario, N2G3P7

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! (id:64974)

Quick Facts

• Property Type: Triplex (Freehold)
• Bedrooms: 3
• Bathrooms: 3
• Living Area: 1,846 sq ft (171.5 m²)
• Above Grade: 1,516 sq ft (140.8 m²)
• Below Grade: 330 sq ft (30.7 m²)
• Year Built: 1912
• Ownership: Freehold
• Attached: Yes
• Parking: 3 spaces
• Frontage: 40 ft (12.2 m)

Costs

• Annual Taxes: $4,110.67

Listing Provided by: Chestnut Park Realty Southwestern Ontario Limited
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.