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Royal LePage
Royal LePage
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$949,900

Kitchener ON, N2G 3P7

MLS® # 40783723

Property Information:

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 or owner-occupant, this property offers impressive income potential with top-to-bottom renovations. The main floor and upper unit are currently vacant, freshly painted, and ready for immediate possession. The lower unit is tenanted, providing instant income. This property has been meticulously upgraded with a modern metal roof, new windows and doors, and updated electrical and plumbing systems meeting today’s standards. Inside, each suite features stylish new flooring, contemporary bathroom finishes, private entrances, and in-suite laundry for ultimate tenant appeal. Outdoor spaces include spacious verandas and balconies, perfect for enjoying morning coffee or evening sunsets. Move-in ready and designed to attract high-quality tenants, this triplex combines modern convenience, classic charm, and strong income potential. Whether you’re looking to expand your portfolio or move into one unit and rent out the others, this is a turnkey investment you won’t want to miss! (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick, Vinyl siding
  • Floor Space: 1846 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning, Wall unit

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 3
  • Bathrooms: 3
  • Access Type: Highway access
  • Amenities Nearby: Hospital, Park, Playground, Public Transit, Schools, Shopping
  • Built in: 1912
  • Community Features: High Traffic Area, Community Centre
  • Floor Space (approx): 1846 Square Feet
  • Lot Depth: 90.0 Feet
  • Lot Frontage: 40.0 Feet
  • Structure Type: Porch
  • Zoning: R-5
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 3

Courtesy of: Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 197 PALMER Avenue, Kitchener, Ontario, N2G 3P7

Demographic Information of 197 PALMER Avenue, Kitchener, Ontario, N2G 3P7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,057.62

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.2 %

High school certificate or equivalent

29.38 %

Apprenticeship trade certificate/diploma

5.26 %

College/non-university certificate

20.94 %

University certificate (below bachelor)

0.69 %

University Degree

25.54 %

Commuter

Travel To Work

By Car

78.57 %

By Public Transit

11.65 %

By Walking

3.96 %

By Bicycle

1.98 %

By Other Methods

3.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.48 %

Houses

47.52 %

Own Vs. Rent

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