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!
Single-familyProperty Type
3 spacesParking
Source:TREB #X12665904
Market trends in Mill Courtland Woodside Park, ON
Last updated October 2026
Sale-to-list price
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Median sale price
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Avg. days on market
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Recently sold homes
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Provided by Redfin
Sale history for 197 Palmer Ave
Date
Event
Price
TREB #X12665904
Apr 6, 2026
Delisted
—
Jan 6, 2026
Listed
$839,900
+43
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!
TREB #X12067321
Jun 8, 2025
Delisted
—
Apr 7, 2025
Listed
$897,500
TREB #X11901451
May 7, 2025
Delisted
—
Dec 27, 2024
Listed
$899,900
TREB #X10415689
Dec 12, 2024
Delisted
—
Nov 8, 2024
Listed
$899,900
TREB #X9013831
Nov 1, 2024
Listed
$899,900
Nov 1, 2024
Delisted
—
Jul 5, 2024
Listed
$899,900
As the MLS and public records start to fill up, we'll list the details here.
Property details
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
Region: Waterloo Region
Home facts updated by public records on Aug 9, 2023
Around this home
Schools
0.6km
Courtland Avenue Public School
Public, 7-8 • Assigned
0.5km
Cameron Heights Collegiate Institute
Public, 9-12 • Assigned
Provided by Local Logic
Lifestyle
Provided by Walk Score and Local Logic
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