188-190 Caroline ST S, Hamilton, ON L8P 3L2
188-190 Caroline ST S, Hamilton, ON L8P 3L2
188-190 Caroline ST S, Hamilton, ON L8P 3L2
188-190 Caroline ST S, Hamilton, ON L8P 3L2
188-190 Caroline ST S, Hamilton, ON L8P 3L2
188-190 Caroline ST S, Hamilton, ON L8P 3L2
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Ana Bastas

Ana Bastas

+1(289) 670-5888
$ 1,199,000
Est. payment | /mo

7 Beds

5 Baths

Save Virtual Tour
$ 1,199,000
Est. payment | /mo
Save Virtual Tour

7 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Durand

MLS Listing ID X13828766

Style 2-Storey

Bedrooms 7

Annual Tax Amount $7,785

Tax Year 2025

Property Sub-Type Fourplex

Property Description

6% cap rate. $91,650 in annual rent from four leased units in Hamilton's popular Durand Neighbourhood. You get a legal 4-plex built, fully tenanted, producing $71,970 in net operating income. All four tenants pay their own hydro, so your utility exposure stays small and easy to predict. The expensive work is already behind you. Parapet walls and chimney have been re-built, and the water line has been upgraded to 3/4" copper. 4 card parking sits at the rear. The unit mix protects your income: one 3 bedroom, one 2 bedroom, two 1 bedrooms. Four separate tenancies means no single vacancy takes out your cash flow. Each unit has kept its own character, which is what holds good tenants in place. Walk to Locke St S, James St S, Hess Village, St. Joseph's Hospital, downtown Hamilton, transit, parks and schools. Durand is one of the tightest rental pockets in the city, on a quiet tree-lined street. Two of the four rents are under market so there's upside for the future in the numbers. Book your showing this week.

Location

Province ON

County Hamilton

Area Hamilton

Zoning DE-3

Rooms

Basement None

Kitchen 4

Interior

Interior Features None

Cooling Central Air

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Building Age 100+

Foundation Poured Concrete, Stone

Others

Virtual Tour https://dl.dropboxusercontent.com/scl/fi/9s7ye026f1re6nz9ed4ft/189-Caroline-St-S-Video.mp4?rlkey=0iqu23wh2947zr2zjzgdstojm&raw=1

Lited by REAL BROKER ONTARIO LTD.

NEARBY SCHOOLS & PROPERTIES

Ana Bastas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(289) 670-5888

ana@anabastas.ca

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188-190 Caroline ST S