197 PALMER AVENUE, Kitchener, Ontario

$949,900

4 Beds
3 Baths

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! (id:50212)

Listing ID: X12487269
Property Type: Multi-family

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Details

Amenities Nearby: Public Transit, Place of Worship, Schools, Hospital
Community Features: Community Centre
Equipment: Water Heater
Parking Spaces: 3
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: R5

Building

Appliances: Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
BasementType: N/A, N/A (Finished)
Basement Development: Finished
Basement Features: Separate entrance
Bedrooms Main Level: 3
Bedrooms Lower Level: 1
Cooling: Wall unit
Exterior Finish: Brick, Vinyl siding
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Amenities: Public Transit, Place of Worship, Schools, Hospital
Sewer: Sanitary sewer
Size Frontage: 40 ft ,1 in
Size Irregular: 40.1 x 90.1 FT

Listing provided by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 197 PALMER AVENUE in Kitchener Ontario. It was last modified on October 29th, 2025. Contact The TanTeam to schedule a viewing or to discover other Kitchener real estate for sale.

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