For Sale

197 PALMER Avenue, Kitchener, Ontario N2G3P7

$899,900

197 PALMER Avenue, Kitchener, Ontario N2G3P7 is For Sale and has a listing price of 899,900. The property is located in the Mill Courtland Woodside Park neighbourhood. It's been on the website for 34 Days.

  • Multi-family
    Property Type
  • Triplex
    Building Type
  • 3
    Bedrooms
  • 3
    Bathrooms
  • 3
    Parking Spaces
  • MLS ID: 40686506
  • Office Name Chestnut Park Realty Southwestern Ontario Limited,
Property Description

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, this property offers impressive income potential with no condo fees and top-to-bottom renovations. Currently, the triplex features two tenanted units and one vacant unit, providing flexibility for investors or owner-occupants. This property has been meticulously upgraded, starting with a modern metal roof and new windows and doors that boost curb appeal and energy efficiency. The electrical and plumbing systems have been completely updated to meet today’s standards, while stylish new flooring and contemporary bathroom finishes add a fresh, upscale feel to every unit. Each unit boasts private entrances and en-suite laundry, creating a highly desirable setup for tenants. Spacious verandas and balconies offer outdoor living spaces perfect for enjoying morning coffee or evening sunsets. Move-in ready and designed to attract high-quality tenants, this triplex combines convenience, charm, and strong income potential. Whether you’re expanding your portfolio or looking for a turnkey investment, this property is a must-see! (id:43137)

Property Details
  • Bedrooms: 3
  • MLS ID: 40686506
  • Bathrooms: 3
  • Price: $899,900
  • Transaction Types: For Sale
  • Ref ID: 27755441
  • Year Built: N/A
  • Building Type: Triplex
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: Triplex
Price History
List Date MLS ID List Price Status End Date Closed Price
12/27/2024 X11901451 $899,900 For Sale - -
12/27/2024 40686506 $899,900 For Sale - -
11/08/2024 X10415689 Terminated 03/31/2025 -
11/08/2024 40675584 $899,900 For Sale - -
07/05/2024 X9013831 Expired 11/03/2024 -
07/03/2024 40614672 $899,900 For Sale - -
06/10/2024 X8424742 Terminated 10/07/2024 -
06/10/2024 40602636 $974,900 For Sale - -
10/04/2023 40495293 $1,600 - -
09/29/2023 40492909 $979,900 For Sale - -
40482773 $1,050,000 - -
40482774 $1,050,000 - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Mill Courtland Woodside Park
  • $807,058 Average List Price
    based on 1 year
  • 65 New Listings
    based on 30 days
  • 85 Median Days on Market
    based on 1 year
  • List vs. Selling Price 3.98 % Below
  • Sold (12mo) 12
  • Rented (12mo) 3

  • 1 Month Change -32.5%
  • 3 Month Change -34.5%
  • 6 Month Change +9.2%
Walkscore
Property Type Distribution
  • All Houses
    83.09%
  • Commercial
    6.39%
  • Condo
    9.59%
  • Land for Sale
    0.93%
Additional Details
  • Sewers Municipal Sewage System
  • Heat Source Natural Gas
  • Basement2 Full (finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick, Vinyl Siding
  • Cooling System Central Air Conditioning, Wall Unit
  • Total Parking Spaces: 3
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 27/12/2024 00:00:00
  • Zoning C3-66
  • Agent Name: LEE S. QUAILE,Debbie Tsintaris
  • Address Subdivision: 311 - Downtown/Rockway/S. Ward
  • Last Updated: 20/01/2025 16:28:02
Open House Dates
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