ON > Kitchener
Kitchener, ON N2H 2G5,119 Fairmount RD
Kitchener, ON N2H 2G5,119 Fairmount RD
Kitchener, ON N2H 2G5,119 Fairmount RD
Kitchener, ON N2H 2G5,119 Fairmount RD
Kitchener, ON N2H 2G5,119 Fairmount RD
Kitchener, ON N2H 2G5,119 Fairmount RD
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Stephanie Pavao

Stephanie Pavao

+1(416) 931-2314
$ 948,888
Est. payment | /mo

5 Beds

3 Baths

Save Virtual Tour
$ 948,888
Est. payment | /mo
Save Virtual Tour

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X12088998

Style 3-Storey

Bedrooms 5

Building Age 51-99

Annual Tax Amount $4,696

Tax Year 2024

Property Sub-Type Triplex

Property Description

Located in Kitcheners 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 spaceideal 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.

Location

State ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement Finished

Kitchen 3

Interior

Interior Features Separate Hydro Meter

Cooling Window Unit(s)

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 46.74

Lot Depth 126.21

Total Parking Spaces 4

Building

Unit Features Golf,Park,School

Foundation Brick

Others

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

Listed by ROYAL LEPAGE WOLLE REALTY
advisor-avatar

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 931-2314

pavao.stephanie@gmail.com

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119 Fairmount RD