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197 PALMER Avenue, Kitchener, Ontario

$899,900

3 Beds
3 Baths
1,846 Square Feet

Don’t Miss Out on This Prime Investment Opportunity! Legal Triplex with Projected 5%+ Cap Rate in the Heart of the City! This fully updated, cash-flowing triplex is the ideal property for the savvy investor looking to grow their portfolio. Featuring a modern metal roof and zero condo fees, this property has been meticulously gutted and revamped from top to bottom—no detail was spared! Highlighted Upgrades Include: Brand New Windows & Doors for enhanced curb appeal and energy efficiency, Updated Electrical & Plumbing to modern standards, Stylish New Flooring throughout all units, Revamped Bathrooms with contemporary finishes, Each unit offers private entrances and en-suite laundry, creating a highly desirable setup for tenants. With spacious verandas and balconies, residents can enjoy both morning and evening sun in their own outdoor space. This triplex is a must-see for serious investors. Schedule a viewing today and see why this property is the perfect addition to your portfolio! (id:23309)

Listing ID: 40675584
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 ROYAL LEPAGE WOLLE REALTY
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 November 8th, 2024. Contact Bob Downer to schedule a viewing or to discover other Kitchener real estate for sale.

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