197 Palmer Avenue Home For Sale Kitchener, Ontario N2G 3P7
40342706
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$1,249,900
$$$ DON’T MISS OUT ON THIS CASH COW LEGALTRIPLEX AND SET YOUR OWN RENTS $$$ COMPLETELY UPDATED LEGAL TRIPLEX IN THE HEART OF THE CITY WITH METAL ROOF & ZERO CONDO FEES!!! This is the perfect opportunity for the savvy investor to grow their portfolio, or first-time home buyers looking to have their own private suite, with the advantage of rental income to off-set the mortgage payments. This home has been completely gutted and updated and ready for new tenants! With too many updates to list…here are just a few; NEW WINDOWS, DOORS, ELECTRICAL, PLUMBING, FLOORING, BATHROOM ETC…this is a MUST-SEE building. All units have private entrances as well as EN-SUITE laundry. Your tenants can enjoy the morning and evening sun on their private veranda or balcony. This Tri-plex is comprised of 1 -Two bedroom, 1 – one bedroom & 1 – Bachelor unit. Total rents for all 3 units are estimated to be between $5000-$6000 per month!!! (id:35167)
Property Details
| MLS® Number | 40342706 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | High Traffic Area, Community Centre |
| Equipment Type | Water Heater |
| Features | Park/reserve |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1912 |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1516.0900 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Highway Nearby, Rail Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 90 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R-5 |
https://www.realtor.ca/real-estate/25033228/197-palmer-avenue-kitchener
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November 03 2022 05:15:51
Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty
