ON > Kitchener
Kitchener, ON N2G 3P7,197 Palmer Avenue
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Kitchener, ON N2G 3P7,197 Palmer Avenue
Kitchener, ON N2G 3P7,197 Palmer Avenue
Kitchener, ON N2G 3P7,197 Palmer Avenue
Kitchener, ON N2G 3P7,197 Palmer Avenue
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Ivan Gascho

Ivan Gascho

+1(519) 573-7440
Listed by Shawn Ramautor • ROYAL LEPAGE WOLLE REALTY
$ 899,900
Est. payment /mo
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Active

197 Palmer Avenue Kitchener, ON N2G 3P7

3 Beds

3 Baths

1,516 SqFt

UPDATED:

11/11/2024 09:26 PM

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,516 sqft

Price per Sqft $593

MLS Listing ID 40675584

Bedrooms 3

Abv Grd Liv Area 1,846

Originating Board Waterloo Region

Year Built 1912

Annual Tax Amount $3,856

Property Description

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!

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning R-5

Direction COURTLAND AVENUE E

Rooms

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Central Air, Wall Unit(s)

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Waterfront No

Roof Type Metal

Porch Porch

Lot Frontage 40.07

Lot Depth 90.05

Garage No

Building

Lot Description Rectangular, Ample Parking, City Lot, High Traffic Area, Highway Access, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby

Faces COURTLAND AVENUE E

Story 2

Foundation Other

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 225040144

Ownership Freehold/None

Copyright 2024 Information Technology Systems Ontario, Inc.

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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197 Palmer Avenue