119 FAIRMOUNT Road, Kitchener, ON N2H2G5 – 40714874

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 948,888

Est. payment | -/mo

5 Beds

3 Baths

2,369 SqFt

Save Virtual Tour

$ 948,888

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

2,369 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,369 sqft

Price per Sqft $400

Subdivision 212 - Downtown Kitchener/East Ward

MLS® Listing ID 40714874

Bedrooms 5

Originating Board Cornerstone - Waterloo Region

Year Built 1951

Property Sub-Type Freehold

Property Description

Located in Kitchener's desirable East Ward, 119 FAIRMOUNT ROAD presents a rare opportunity to acquire a LEGAL PURPOSE-BUILT TRIPLEX offering strong investment fundamentals and future upside. This well-maintained building WITH OVER 2368 sqft finished, features TWO 2-BEDROOM UNITS and ONE 1-BEDROOM UNIT, each fully self-contained with its own kitchen, bathroom, and living space—ideal for owner-occupiers, investors expanding their portfolio, or those seeking house-hack potential. The property sits on a DEEP 60' X 176' LOT with ample green space and PARKING FOR FOUR VEHICLES, enhancing tenant appeal. Unit 1 features a walkout to the backyard and updated flooring and is currently tenanted. Unit 2 is VACANT, offering immediate rental flexibility or move-in potential, while Unit 3 rounds out the building with two bedrooms and a full bath. Additional highlights include THREE OWNED HOT WATER TANKS, SEPARATE HYDRO METERS for each unit, shared laundry, and major updates including a NEW ROOF (2022) and FURNACE (2021). This area is HIGHLY SOUGHT AFTER—steps to Fairmount Park, minutes from downtown Kitchener, the LRT, Kitchener Market, Centre in the Square, and Fairview Mall. Quick access to the EXPRESSWAY and HIGHWAY 401 make this a commuter-friendly location. Backed by consistent rental demand and future value-add possibilities, this triplex offers STEADY CASH FLOW with the option to enhance returns through minor cosmetic updates or market rate turnover. Whether you're looking to LIVE IN ONE UNIT AND RENT THE OTHERS or hold as a fully tenanted investment, 119 Fairmount Road is a smart addition to any real estate portfolio. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Cooling None

Exterior

Parking Features No

Community Features Quiet Area, Community Centre

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

Virtual Tour https://media.visualadvantage.ca/119-Fairmount-Rd

Listed by Royal LePage Wolle Realty

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

119 FAIRMOUNT Road Kitchener, ON N2H2G5