197 Palmer Avenue, Kitchener Property Listing: MLS® #40675584

About 197 Palmer Avenue

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:36535)

Features of 197 Palmer Avenue

Listing #	40675584
Price	$899,900
Bedrooms	3
Bathrooms	3.00
Square Footage	1,846
Acres	0.00
Year Built	1912
Type	Multi-family
Sub-Type	Freehold

Community Information

Address	197 Palmer Avenue
Subdivision	311 - Downtown/Rockway/S. Ward
City	Kitchener
Province	Ontario
Postal Code	N2G3P7

Amenities

Amenities	Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking Spaces	3
Is Waterfront	No
Has Pool	No

Interior

Heating	Natural gas Forced air
Cooling	Central air conditioning, Wall unit
Fireplace	No
# of Stories	2
Has Basement	Yes

Exterior

Exterior	Brick, Vinyl siding

Listing Details

Office	Courtesy Of SHAWN RAMAUTOR and Dave Ramautor Of ROYAL LEPAGE WOLLE REALTY

197 Palmer Avenue, Kitchener, Ontario