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197 Palmer Avenue Kitchener, Ontario N2G 3P7

3 Bedroom 3 Bathroom 1846.09 sqft
Central Air Conditioning, Wall Unit Forced Air

$899,900

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! (id:43503)

Property Details

MLS® Number 40675584
Property Type Multi-family
AmenitiesNearBy Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
CommunityFeatures High Traffic Area, Community Centre
EquipmentType Water Heater
ParkingSpaceTotal 3
RentalEquipmentType Water Heater
Structure Porch

Building

BathroomTotal 3
BedroomsTotal 3
BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1912
CoolingType Central Air Conditioning, Wall Unit
ExteriorFinish Brick, Vinyl Siding
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1846.09 Sqft
Type Triplex
UtilityWater Municipal Water

Land

AccessType Highway Access
Acreage No
LandAmenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 90 Ft
SizeFrontage 40 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R-5

https://www.realtor.ca/real-estate/27633668/197-palmer-avenue-kitchener

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