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$899,900

197 PALMER Avenue, Kitchener, Ontario, N2G 3P7

MLS® # 40686506

Property Information:

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, 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 today’s 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 you’re expanding your portfolio or looking for a turnkey investment, this property is a must-see! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick, Vinyl siding
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning, Wall unit

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 3
  • Bathrooms: 3
  • Access Type: Highway access
  • Amenities Nearby: Hospital, Park, Playground, Public Transit, Schools, Shopping
  • Built in: 1912
  • Community Features: High Traffic Area, Community Centre
  • Lot Depth: 90.0 Feet
  • Lot Frontage: 40.0 Feet
  • Structure Type: Porch
  • Zoning: R-5
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 3

Courtesy of: Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage

REALTOR.ca  

Location of 197 PALMER Avenue, Kitchener, Ontario, N2G 3P7

Demographic Information of 197 PALMER Avenue, Kitchener, Ontario, N2G 3P7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,057.62

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.2 %

High school certificate or equivalent

29.38 %

Apprenticeship trade certificate/diploma

5.26 %

College/non-university certificate

20.94 %

University certificate (below bachelor)

0.69 %

University Degree

25.54 %

Commuter

Travel To Work

By Car

78.57 %

By Public Transit

11.65 %

By Walking

3.96 %

By Bicycle

1.98 %

By Other Methods

3.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.48 %

Houses

47.52 %

Own Vs. Rent