Welcome to 50 Fairlawn Rd., Kitchener - a spacious and updated home offering exceptional versatility for families, investors, or those seeking a mortgage helper. This well-maintained property features 5 bedrooms in total, with 3 on the main level and 2 in the fully finished basement. Both the main floor 4-piece bathroom and lower-level 4-piece bathroom have been tastefully updated. The main level showcases beautiful hardwood flooring, a bright eat-in kitchen, and new countertops with plenty of storage. All appliances have been updated, providing a move-in-ready experience. The basement suite includes its own kitchen, a spacious rec room, 2 bedrooms, and a modern 4-piece bath - an ideal setup for renters, in-laws, or extended family. A shared interior door to the basement is currently drywalled to create two separate living spaces, but can easily be restored if preferred. Enjoy outdoor living with a private fenced patio area, perfect for tenants or family members to relax. The property also offers a newly paved driveway accommodating up to 5 vehicles. Additional updates include new vinyl windows and a new front and side door (approx. 4 years old). A rare opportunity in a convenient Kitchener location - flexible, updated, and ready for its next owner!