197 PALMER Avenue Kitchener

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
MLS®

Listing provided by ROYAL LEPAGE WOLLE REALTY
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REALTOR®

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 the AJ Collective to schedule a viewing or to discover other Kitchener real estate for sale.

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