$949,900
6.13 BTC
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197 Palmer Avenue, Kitchener
$949,900
PRICE
3 + 1
BEDROOMS
3
BATHROOMS
X12487269
MLSID

197 Palmer Avenue, Kitchener

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!
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Summary

Address
197 Palmer Avenue
MLSID
X12487269
Property Type
Triplex
Property Category
Bedrooms
3 + 1
Bathrooms
3
Kitchens
2 + 1
Zoning
R5
Taxes (Annual)
$4,110.67
Tax Year
2025
Published
October 29, 2025
Days on Market
4 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

1 DISHWASHER, 3 FRIDGES, 3 STOVES, 3 WASHERS, 3 DRYERS

Exclusions

Tenants belongings

Details

Property Features
Public Transit, Place Of Worship, School, Hospital, Rec./Commun.Centre
Bathroom 1
3-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
3-Piece Basement Level
Basement
Separate Entrance, Finished
Interior Features
Water Heater
Parking Spaces
3
Parking Total
3
Parking Features
Private Triple
Architectural Style
2-Storey
Roof
Metal
Construction Materials
Brick, Vinyl Siding
Lot Width
40 Feet
Lot Depth
90 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
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