Palmer Ave
Kitchener
$897,500
Buy with Dwelly and Save $8,975
Home Details
Buy with Dwelly and save $8,975 refund
Refunds vary by sale price, market and are subject to a minimum commission. Please get in touch and read the Refund Terms and Conditions to learn more.
Listing Description
Dont 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 todays 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 youre expanding your portfolio or looking for a turnkey investment, this property is a must-see!
1 DISHWASHER, 3 FRIDGES, 3 STOVES, 3 WASHERS, 3 DRYERS
City: Kitchener
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Dec 27, 2024 | 90 | $899,900 | N/A | Expired | X11901451 |
| Nov 8, 2024 | 33 | $899,900 | N/A | Terminated | X10415689 |
| Jul 3, 2024 | 123 | $899,900 | N/A | Expired | X9013831 |
| Jun 7, 2024 | 28 | $974,900 | N/A | Terminated | X8424742 |
| Oct 3, 2023 | 89 | $979,900 | N/A | Expired | X7052058 |
| Sep 13, 2023 | 16 | $1,050,000 | N/A | Terminated | X6815306 |
| Jun 27, 2023 | 9 | $1,039,000 | N/A | Terminated | X6622060 |
| Mar 30, 2023 | 89 | $1,099,900 | N/A | Terminated | X5998917 |
Rooms
Room dimensions for Palmer Ave, Kitchener
Market Trends and Insights
Mortgage Calculator
Please change the purchase price, interest rate, amortization schedule and downpayment to match your needs.
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $897500 |
| Down Payment | $179500 |
| Mortgage Insurance | $0 |
| Total Mortgage | $718000 |
Monthly Payment
| Mortgage Payment | $4424 |
| Property Taxes | $321 |
| Maintenance Fees | $0 |
| Monthly Payment | $4746 |
About Palmer Ave, Kitchener
Located at 197 Palmer Ave , this Kitchener house is available for sale. This property was listed for $897,500 on Mon Apr 07 2025. This house's size is 1500-2000 Sqft. It has 3 bedrooms and 3 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 3 parking spots.
MLS#: X12067321 · $897,500 · 3 bedroom house in Kitchener