ON > Kitchener > 212 - Downtown Kitchener-East Ward
Kitchener, ON N2H2G5,119 FAIRMOUNT Road
Kitchener, ON N2H2G5,119 FAIRMOUNT Road
Kitchener, ON N2H2G5,119 FAIRMOUNT Road
Kitchener, ON N2H2G5,119 FAIRMOUNT Road
Kitchener, ON N2H2G5,119 FAIRMOUNT Road
Kitchener, ON N2H2G5,119 FAIRMOUNT Road
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Lauren Crouse

Lauren Crouse

+1(403) 819-7709
$ 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

Lot Size 5,880 Sqft

Acres 5880.6

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 46' X 126' 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

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Listed by Royal LePage Wolle Realty
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 819-7709

lauren@laurencrouse.com

Canada

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119 FAIRMOUNT Road