Home with vinyl exterior material, street for 197 Palmer Ave, Kitchener Ontario N2G 3P7
9 days on Market

197 Palmer Ave, Kitchener, Ontario N2G 3P7

Townhouse
3 + 1
3
~1500-2000 sqft
$949,900
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Townhouse
3 + 1
3
~1500-2000 sqft

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Highlights

Property Estimate

Days on market9 days

Estimated valueNot available

Price/Sqft$554/sqft

Monthly cost

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CMA Subject Property

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+3

Properties sold*

$390K

Median sold price*

*Based on last 30 days

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!


Property Details

Style2-Storey
View-
Age of property100+
SqFt~1500-2000 SqFt
Lot Size3,608 SqFt(90.05 x 40.07)
Parking Spaces3
MLS ®NumberX12487269
Community NameMill Courtland Woodside Park
Data SourceTRREB
Listing byCHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

Features

Heating: Forced Air
Cooling: Wall Unit
Basement: Sep Entrance, Finished

Features

Lot size: 3,608 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Market Data - Mill Courtland Woodside Park

Geo Zone Map ThumbnailMill Courtland Woodside Park

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

79 days

2023

36 days

New Listings

Past 30 days

31 listings

Compared to

2024

1 listing

2023

7 listings

Units sold

Past 30 days

0 unit

Compared to

2024

3 units

2023

7 units

Median Sold Price

Past 30 days

$0

Compared to

2024

$389,900

2023

$675,050


Population and Demographics

Overview

Total population 3222
Average household income $92,205

Age (%)

0 to 19
16%
20 to 34
31%
35 to 49
20%
50 to 64
20%
65 and plus
13%

Household composition (%)

Single family
50%
Single person
43%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
84%
Portuguese
3%
Others
3%
Spanish
3%
Serbian
1%
German
1%
Arabic
1%
Tigrigna
1%
Mandarin
1%

House tenancy (%)

Renters
55%
Owners
45%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget