119 Fairmount Road new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2H 2G5
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,601 sqft
Price per Sqft $592
MLS Listing ID 40714874
Bedrooms 5
Abv Grd Liv Area 2,368
Originating Board Waterloo Region
Year Built 1951
Annual Tax Amount $4,696
Property Sub-Type Multi-3 Unit
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.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning RES-5
Direction MONTGOMERY
Rooms
Basement Separate Entrance,Full,Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Hot Water Tank Owned,Refrigerator,Stove
Laundry Shared
Exterior
Exterior Feature Year Round Living
Parking Features Asphalt
Roof Type Asphalt Shing
Lot Frontage 60.0
Lot Depth 176.0
Garage No
Building
Lot Description Near Golf Course,Highway Access,Park,Place of Worship,Playground Nearby,Public Parking,Public Transit,Quiet Area,Rec./Community Centre,Regional Mall,Schools,Shopping Nearby
Faces MONTGOMERY
Story 3
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Schools
Elementary Schools St. Anne (K); Sheppard P.S.; Sunnyside P.S.
High Schools St. Mary'S Secondary School; Eastwood C.I.
Others
Senior Community No
Tax ID 225750085
Ownership Freehold/None
Virtual Tour https://media.visualadvantage.ca/119-Fairmount-Rd/idx