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Home ON Kitchener - Cambridge - Waterloo Kitchener Eastwood
119 FAIRMOUNT ROAD
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119 FAIRMOUNT ROAD $948,888
$948,888
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119 FAIRMOUNT ROAD
Kitchener, Ontario N2H2G5

MLS® Number: X12088998
5
Bedrooms
3
Bathrooms
2000 - 2500
Square Feet

Listing 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. (40270876)

Location Description

MONTGOMERY

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
3
Square Footage
2000 - 2500 sqft
Land Size
46.7 x 126.2 FT ; 126.21 x 46.74 x 126.21 x 46.74 ft
Age Of Building
51 to 99 years
Annual Property Taxes
$4,696
Parking Type
No Garage
Time on REALTOR.ca
27 days

Building

Bedrooms
Above Grade
5
Bathrooms
Total
3
Interior Features
Appliances Included
Stove, Refrigerator
Basement Type
N/A (Finished)
Building Features
Foundation Type
Brick
Building Amenities
Separate Electricity Meters
Heating & Cooling
Cooling
Window air conditioner
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Park, Schools
Parking
Parking Type
No Garage
Total Parking Spaces
4

Measurements

Square Footage
2000 - 2500 sqft

Rooms

MetricImperial
Main level
Kitchen
Living room
Dining room
Primary Bedroom
Second level
Kitchen
Family room
Primary Bedroom
Bedroom
Lower level
Kitchen
Utility room
Living room
Bedroom

Land

Lot Features
Frontage
46 ft ,8 in
Land Depth
126 ft ,2 in
Other Property Information
Zoning Description
RES-5
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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