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$ 897,500
Est. payment /mo
New
197 PALMER Avenue Kitchener, ON N2G3P7
3 Beds
3 Baths
1,846 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,846 sqft
Price per Sqft $486
Subdivision 311 - Downtown/Rockway/S. Ward
MLS® Listing ID 40714485
Bedrooms 3
Originating Board Cornerstone - Waterloo Region
Year Built 1912
Property Sub-Type Freehold
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, 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning, Wall unit
Exterior
Parking Features No
Community Features High Traffic Area, Community Centre
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Chestnut Park Realty Southwestern Ontario Limited