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$948,888
Available - For Sale
Listing ID: X12088998
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 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 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 AFTERsteps 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.
Price $948,888
Taxes: $4,696
Assessment Year: 2025
Occupancy by: Tenant
Address: 119 Fairmount Road , Kitchener, N2H 2G5, Waterloo
Directions/Cross Streets: MONTGOMERY
Rooms: 12
Bedrooms: 5
Bedrooms +: 0
Washrooms: 3
Family Room: T
Basement: Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 11.22 9.91
Room 2: Main Living Ro 13.48 10.82
Room 3: Main Dining Ro 10.82 6.33
Room 4: Main Primary B 11.38 9.05
Room 5: Second Kitchen 11.22 9.91
Room 6: Second Family Ro 19.65 10.66
Room 7: Second Primary B 11.32 8.99
Room 8: Second Bedroom 10.66 9.05
Room 9: Lower Living Ro 15.15 10.14
Room 10: Lower Bedroom 10.56 9.84
Room 11: Lower Kitchen 10.89 10.56
Room 12: Lower Utility R 13.38 11.05 Combined w/Laundry
No. of Pieces Level
Washroom 1:  4 Lower
Washroom 2:  4 Main
Washroom 3:  4 Second
Washroom 4:  0
Washroom 5:  0
Property Type: Triplex
Style: 3-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 4
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 2000-2500
Property Features: Golf
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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ROYAL LEPAGE WOLLE REALTY

119 Fairmount Road , Kitchener, N2H 2G5, Waterloo

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Maria Tompson
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416-548-7854
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Waterloo
Municipality: Kitchener
Neighbourhood: Dufferin Grove
Style: 3-Storey
Lot Size: x 176.00(Feet)
Approximate Age: 51-99
Tax: $4,696
Maintenance Fee: $0
Beds: 5
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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