$948,888
6.01 BTC
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Map
119 Fairmount Road, Kitchener
$948,888
PRICE
5
BEDROOMS
3
BATHROOMS
X12088998
MLSID

119 Fairmount Road, Kitchener

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.
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Summary

Address
119 Fairmount Road
MLSID
X12088998
Property Type
Triplex
Property Category
Bedrooms
5
Bathrooms
3
Kitchens
3
Zoning
RES-5
Taxes (Annual)
$4,696.00
Tax Year
2024
Published
April 17, 2025
Days on Market
108 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Fridge, stove for each unit

Exclusions

All tenants belongings, all staging furniture in Unit 2

Details

Property Features
Golf, Park, School
Bathroom 1
4-Piece Lower Level
Bathroom 2
4-Piece Main Level
Bathroom 3
4-Piece Second Level
Parking Spaces
4
Parking Total
4
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Size
5,898
Lot Width
47 Feet
Lot Depth
126 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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