197 Palmer Avenue
Kitchener, N2G 3P7
FOR SALE
$839,900
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3 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS9 + 4
ROOMSX12665904
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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 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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Property Features
Public Transit, Place Of Worship, School, Hospital, Rec./Commun.Centre, Water Heater, Private Triple
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Property Details
Address
197 Palmer Avenue
City
Postal Code
N2G 3P7
Property Type
Triplex, Triplex
Zoning
R5
Lot Size
40' x 90'
Taxes
$4,111 (2025
Basement
Separate Entrance, Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Chestnut Park Realty(Southwestern Ontario) Ltd
Discover this charming legal triplex located at 62 Bond St in the heart of Kitchener offering a fantastic opportunity for investors or those seeking a multi-family residence. Situated in a vibrant neighborhood close to downtown Kitchener, public transit, shopping, dining, schools, and parks, this well-maintained property features three spacious, self-contained units. Each unit boasts bright, inviting layouts with comfortable living spaces. This triplex offers two-1-bedroom units with one unit having a den and a two-bedroom unit. 62 Bond St presents strong income potential, making it an excellent choice for savvy investors or owner-occupants who want to generate rental income while enjoying the benefits of a comfortable home. Its proximity to major highways and transportation corridors adds to its convenience.
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