197 Palmer Avenue
Kitchener, ON N2G 3P7
- 3+1Bedrooms
- 3Bathrooms
- 3Parking
- 1500–2000Sq Ft
- $4,111Tax
- 40×90 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 197 Palmer Avenue, Kitchener
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-01-06 | 2026-04-06 | Login to See Prices | Expired | x12665904 |
| 2025-10-29 | 2026-01-02 | Login to See Prices | Terminated | x12487269 |
| 2025-04-07 | 2025-06-07 | Login to See Prices | Expired | x12067321 |
| 2024-12-27 | 2025-03-27 | Login to See Prices | Expired | x11901451 |
| 2024-11-08 | 2024-12-11 | Login to See Prices | Terminated | x10415689 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 197 Palmer Avenue, Kitchener
Summarized Description
- Fully updated legal triplex in city center
- Cash-flowing with impressive income potential
- Top-to-bottom renovations throughout the property
- Modern metal roof and new windows installed
- In-suite laundry and private entrances for tenants
- Move-in ready with freshly painted units
- Designed to attract high-quality tenants
- Turnkey investment opportunity for savvy buyers
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!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,111
- Land Transfer Tax Fee
- $13,273
Rental Items
- Rental Equipment
- Hot Water Heater
- Basement Type
- Separate Entrance, Finished
Interior Features
- Interior Extras
- Water Heater
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Public Transit, Place Of Worship, School, Hospital, Rec./Commun.Centre
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick, Vinyl Siding
- Roof
- Metal
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 40.07 ft
- Lot Depth
- 90.05 ft
Inclusions
- Inclusions
- 1 DISHWASHER, 3 FRIDGES, 3 STOVES, 3 WASHERS, 3 DRYERS
Exclusions
- Exclusions
- Tenants belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 3
- Parking Spaces
- 3
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Wall Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 1
- Washrooms
- 3
- Kitchens
- 3
- Family / bonus room
- Yes
Washrooms
- 3-piece, Main
- 4-piece, Second
- 3-piece, Basement
- Municipality
- Kitchener
- Main cross streets
- Courtland Ave East
- Zoning
- R5
- Directions
- Courtland Ave E to Palmer
- MLS® number
- X12665904
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-06
- Listed on
- 2026-01-06
- Days on market
- 90 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Home Market Value
Current home valuation for 197 Palmer Avenue, Kitchener, , . Listed for $839,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 197 Palmer Avenue, Kitchener
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $339,900 over $500K
$58,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $31,211 | $23,433 | $19,990 | $0 |
=Total mortgage | $811,478 | $779,343 | $733,905 | $671,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,962monthly | $3,805monthly | $3,583monthly | $3,281monthly |
Land Transfer Tax
$13,273
$13,273
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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