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$899,900
Available - For Sale
Listing ID: X10415689
Dont 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!
Price $899,900
Taxes: $3,856.67
Assessment: $303000
Assessment Year: 2024
Address: 197 Palmer Ave , Kitchener, N2G 3P7, Ontario
Lot Size: 40.07 x 90.05 (Feet)
Acreage: < .50
Directions/Cross Streets: Courtland Ave
Rooms: 3
Bedrooms: 3
Washrooms: 3
Kitchens: 3
Family Room: N
Basement: Apartment
Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Bathroom 9.25 8.07 4 Pc Bath
Room 2: Main Br 11.97 11.18
Room 3: Main Kitchen 10.76 15.12
Room 4: Main Living 12.33 12.20
Room 5: 2nd Bathroom 7.08 5.35 4 Pc Bath
Room 6: 2nd Br 11.84 10.43
Room 7: 2nd Br 17.81 13.38
Room 8: 2nd Kitchen 10.56 10.00
Room 9: 2nd Living 14.27 13.15
Room 10: Lower Bathroom 6.72 5.58 3 Pc Bath
Room 11: Lower Kitchen 6.49 15.48
Room 12: Lower Living 11.12 14.07
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 4 2nd
Washroom 3 3 Lower
Property Type: Triplex
Style: 2-Storey
Exterior: Brick
Vinyl Siding
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 3
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Hospital
Library
Park
Place Of Worship
Public Transit
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Sewers: Sewers
Water: Municipal
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ROYAL LEPAGE WOLLE REALTY

197 Palmer Ave , Kitchener, N2G 3P7, Ontario

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Waterloo
Municipality: Kitchener
Neighbourhood:
Style: 2-Storey
Lot Size: 40.07 x 90.05(Feet)
Approximate Age: 100+
Tax: $3,856.67
Maintenance Fee: $0
Beds: 3
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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