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$ 948,888
Est. payment | /mo
5 Beds
3 Baths
2,369 SqFt
$ 948,888
Est. payment | /mo
5 Beds
3 Baths
2,369 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,369 sqft
Price per Sqft $400
Subdivision 212 - Downtown Kitchener/East Ward
MLS® Listing ID 40714874
Bedrooms 5
Originating Board Cornerstone - Waterloo Region
Year Built 1951
Lot Size 5,880 Sqft
Acres 5880.6
Property Sub-Type Freehold
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 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features No
Community Features Quiet Area, Community Centre
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://media.visualadvantage.ca/119-Fairmount-Rd
Listed by Royal LePage Wolle Realty