Steve Campagnolo

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197 PALMER Avenue, Kitchener, Ontario

$899,900

3 Beds
3 Baths
1,846 Square Feet

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:23309)

Listing ID: 40686506
Property Type: Multi-family
Year Built: 1912

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Details

Amenities Nearby: Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features: High Traffic Area, Community Centre
Equipment: Water Heater
Ownership: Freehold
Parking Spaces: 3
Rental Equipment: Water Heater
Structure: Porch
Transaction: For sale
Zoning Description: R-5

Building

BasementType: Full (Finished)
Basement Development: Finished
Constructed Date: 1912
Cooling: Central air conditioning, Wall unit
Exterior Finish: Brick, Vinyl siding
Fireplace Present: False
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1846.09 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Access Type: Highway access
Amenities: Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 40 ft

Listing provided by Chestnut Park Realty Southwestern Ontario Limited
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 December 27th, 2024. Contact Steve Campagnolo to schedule a viewing or to discover other Kitchener real estate for sale.

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