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Ivan Gascho

[email protected] +1(519) 573-7440

Listed by Riz Jadavji • Royal LePage Wolle Realty

$ 948,888

Est. payment -/mo

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119 Fairmount Road Kitchener, ON N2H 2G5

5 Beds

3 Baths

1,601 SqFt

UPDATED:

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

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

Ivan Gascho

119 Fairmount Road Kitchener, ON N2H 2G5

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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119 Fairmount Road