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$ 897,500
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 X12067321
Style 2-Storey
Bedrooms 4
Building Age 100+
Annual Tax Amount $3,857
Tax Year 2024
Property Sub-Type Triplex
Property Description
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!
Location
State 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
Foundation Poured Concrete
Others
Senior Community No
Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD