119 Fairmount Road, Kitchener ON N2H 2G5

$ 948,888
119 Fairmount Road, Kitchener ON N2H 2G5,
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Overview

  • Updated On:
  • June 17, 2025
  • 5 Bedrooms
  • 3 Bathrooms
  • 1,602 ft2

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.

Address: 119 Fairmount Road, Kitchener ON N2H 2G5
City:
State/County:
Zip: N2H 2G5
Country: CA
Open In Google Maps
Property Id : 2699277
Price: $ 948,888
Property Size: 1,602 ft2
Property Lot Size: 0 ft2
Bedrooms: 5
Bathrooms: 3
Other Features
Has Heating System
Hot Water Tank Owned
Open Parking
Refrigerator
Separate Hydro Meters
Stove
Year Round Living
$ 3,679.03
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,679.03

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

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Mazher Latif