ON > Kitchener
Kitchener, ON N2G 3P7,197 Palmer AVE
Kitchener, ON N2G 3P7,197 Palmer AVE
Kitchener, ON N2G 3P7,197 Palmer AVE
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$949,900
Est. payment /mo
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4 Beds
3 Baths
New

197 Palmer AVE Kitchener, ON N2G 3P7

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

MLS Listing ID X12487269

Style 2-Storey

Bedrooms 4

Annual Tax Amount $4,110

Tax Year 2025

Property Sub-Type Triplex

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!

Location

Province 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

Building Age 100+

Foundation Poured Concrete

Others

Senior Community No

ParcelsYN No

Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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197 Palmer AVE

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