$ 899.900

197 Palmer Avenue, Kitchener

  • Bedrooms: 3
  • Bathrooms: 3
  • Living area: 1846.09 square feet
  • Type: Townhouse
  • Added: 13 days ago
  • Updated: 13 days ago
  • Last Checked: 11 hours ago
Don’t 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! (id:1945)
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Property DetailsKey information about 197 Palmer Avenue

  • Cooling: Central air conditioning, Wall unit
  • Heating: Forced air, Natural gas
  • Stories: 2
  • Year Built: 1912
  • Structure Type: Triplex
  • Exterior Features: Brick, Vinyl siding

Interior FeaturesDiscover the interior design and amenities

  • Basement: Finished, Full
  • Living Area: 1846.09
  • Bedrooms Total: 3
  • Above Grade Finished Area: 1516.09
  • Below Grade Finished Area: 330
  • Above Grade Finished Area Units: square feet
  • Below Grade Finished Area Units: square feet
  • Above Grade Finished Area Source: Other
  • Below Grade Finished Area Source: Other

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 197 Palmer Avenue

  • Water Source: Municipal water
  • Parking Total: 3

Location & CommunityUnderstand the neighborhood and community

  • Directions: COURTLAND AVENUE E
  • Common Interest: Freehold
  • Subdivision Name: 311 - Downtown/Rockway/S. Ward
  • Community Features: High Traffic Area, Community Centre

Utilities & SystemsReview utilities and system installations

  • Sewer: Municipal sewage system

Tax & Legal InformationGet tax and legal details applicable to 197 Palmer Avenue

  • Tax Annual Amount: 3856.67
  • Zoning Description: R-5

Additional FeaturesExplore extra features and benefits

  • Number Of Units Total: 3
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Nearby Listings Stat

Active listings
62
Min Price
$549,900
Max Price
$1,675,000
Avg Price
$804,990
Days on Market
87 days
Sold listings
25
Min Sold Price
$499,000
Max Sold Price
$1,200,000
Avg Sold Price
$762,528
Days until Sold
28 days

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Additional Information about 197 Palmer Avenue

This Townhouse at 197 Palmer Avenue Kitchener, ON with MLS Number 40675584 which includes 3 beds, 3 baths and approximately 1846.09 sq.ft. of living area listed on Kitchener market by SHAWN RAMAUTOR - ROYAL LEPAGE WOLLE REALTY at $899,900 13 days ago.

We have found 6 Townhomes that closely match the specifications of the property located at 197 Palmer Avenue with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 645,000 and 854,900.

The current price of the property is $899,900, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 15% down payment, the total amount borrowed would be $764,915. This would result in a monthly mortgage payment of $4,208 over a 25-year amortization period.

More Details?
SHAWN RAMAUTOR
  • SHAWN RAMAUTOR
  • ROYAL LEPAGE WOLLE REALTY
  • 519-578-7300