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:4069)
Address
119 FAIRMOUNT Road
List Price
$948,888
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Kitchener
Bedrooms
5
Bathrooms
3
Floor Area
2,369 Sq. Ft.
Lot Size
0.135 Sq. Ft.
Year Built
1951
MLS® Number
40714874
Listing Brokerage
Royal LePage Wolle Realty
| ROYAL LEPAGE WOLLE REALTY
Basement Area
Full (Finished)
Postal Code
N2H2G5
Zoning
RES-5
Site Influences
Golf Nearby, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Features
Paved driveway
