For Sale

197 Palmer Avenue, Kitchener, Ontario N2G3P7

$897,500

197 Palmer Avenue, Kitchener, Ontario N2G3P7 is For Sale and has a listing price of 897,500. The property is located in the Mill Courtland Woodside Park neighbourhood. It's been on the website for 36 Days.

  • Multi-family
    Property Type
  • Triplex
    Building Type
  • 4
    Bedrooms
  • 3
    Bathrooms
  • No Garage
    Parking
  • 3
    Parking Spaces
  • MLS ID: X12067321
  • Office Name CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Property 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! (id:43137)

Property Details
  • Bedrooms: 4
  • MLS ID: X12067321
  • Bathrooms: 3
  • Price: $897,500
  • Transaction Types: For Sale
  • Ref ID: 28132385
  • 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
04/07/2025 X12067321 $897,500 For Sale - -
11/08/2024 X10415689 $899,900 Cancelled 12/11/2024 -
07/05/2024 X9013831 $899,900 Expired -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Mill Courtland Woodside Park
  • $871,093 Average List Price
    based on 1 year
  • 0 New Listings
    based on 30 days
  • 68 Median Days on Market
    based on 1 year
  • List vs. Selling Price 3.79 % Below
  • Sold (12mo) 16
  • Rented (12mo) 4

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Triplex
All Properties
$4.5M$4.5M$3.6M$3.6M$2.7M$2.7M$1.8M$1.8M$900K$900K$0$0July 2023July 2023August 2023August 2023September 2023September 2023October 2023October 2023November 2023November 2023December 2023December 2023January 2024January 2024February 2024February 2024March 2024March 2024May 2024May 2024June 2024June 2024July 2024July 2024August 2024August 2024September 2024September 2024October 2024October 2024November 2024November 2024December 2024December 2024January 2025January 2025February 2025February 2025March 2025March 2025April 2025April 2025
Walkscore
  • 82 Walk Score
    Very Walkable
  • 62 Transit Score
    Good Transit
  • 83 Bike Score
    Very Bikeable
Property Type Distribution
81.0%6.4%11.7%
  • All Houses
    81.04%
  • Commercial
    6.4%
  • Condo
    11.71%
  • Land for Sale
    0.85%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Basement2 N/a (finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick, Vinyl Siding
  • Cooling System Wall Unit
  • Total Parking Spaces: 3
  • Basement Separate Entrance
  • Fireplace False
  • Parking No Garage
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 07/04/2025 00:00:00
  • Zoning H1-mu1
  • Agent Name: LEE S. QUAILE
  • Last Updated: 07/04/2025 20:47:22
Want to see this property?