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$899,900

197 PALMER AVENUE, Kitchener, Ontario, N2G 3P7

MLS® # X11901451

Property Information:

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 zero condo fees and top-to-bottom renovations. Featuring a modern metal roof, the building has been meticulously upgraded with new windows and doors that enhance curb appeal and energy efficiency. The electrical and plumbing systems have been completely updated to meet modern standards, while stylish new flooring and contemporary bathroom finishes add a fresh, upscale feel to every unit. Each unit includes private entrances and en-suite laundry, creating a highly desirable setup for tenants. Spacious verandas and balconies provide residents with their own outdoor spaces, perfect for enjoying both morning and evening sunlight. Move-in ready and designed to attract high-quality tenants, this triplex offers the perfect combination of convenience and charm. Discover why this property is a must-have addition to your portfolio! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Air Conditioning: Yes
  • Basement Development: Finished
  • Basement Type: N/A
  • Exterior Finish: Brick, Vinyl siding
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Wall unit
  • Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 3+1
  • Bathrooms: 3
  • Irregular: Yes
  • Lot Depth: 90.0 Feet
  • Lot Frontage: 40.0 Feet
  • Lot Size: 40.07 x 90.05 FT
  • Zoning: R5
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 3

Courtesy of: CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

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