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New Listed 16 hours ago
188-190 Caroline Street S, Hamilton, ON L8P 3L2
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188-190 Caroline Street S, Hamilton, ON L8P 3L2

Hamilton, ON, L8P 3L2 · Durand

7 Beds
5 Baths
— Sq Ft
4 Parking
Fourplex Type
X13828766 MLS#

About this property

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.

Features & Amenities

  • Garage: None
  • Cooling: Central Air
  • Heat Type: Forced Air
  • Heat Source: Gas
  • Style: 2-Storey
  • Construction: Brick
  • Sewer: Sewer

Property Details

Property Type Residential Freehold
Property Sub-Type Fourplex
Architectural Style 2-Storey
Bedrooms 7
Bathrooms 5
Basement None
Garage None
Parking Spaces 4
Heat Type Forced Air
Heat Source Gas
Cooling Central Air
Sewer Sewer
Annual Tax $7,785
Tax Year 2025

Interior Features

Interior Features
None

Exterior Features

Pool Features
None

Building & Construction

Architectural Style
2-Storey
Construction Materials
Brick
Foundation Details
Poured Concrete, Stone
Roof
Asphalt Shingle
Basement
None
Approximate Age
100+

Heating & Cooling

Heat Type
Forced Air
Heat Source
Gas
Cooling
Central Air

Parking & Garage

Garage Type
None
Parking Spaces
4
Parking Total
4.00
Covered Spaces
0

Lot & Land

Lot Size Units
Feet
Lot Depth
95.00
Lot Width
39.00

Community & Neighborhood

Property Features
Hospital, Library, Public Transit, Place Of Worship

Financial & Tax

Tax Annual Amount
$7,785
Tax Year
2025
Possession Type
Flexible
Possession Details
Flexible

Utilities & Services

Sewer
Sewer

Room Details

Rooms Above Grade
12
Kitchens Above Grade
4
Kitchens Total
4
Bedrooms Above Grade
7

Additional Details

Occupant Type
Tenant
Direction Faces
West
County Or Parish
Hamilton
Cross Street
Duke St
Directions
Duke St
Special Designation
Unknown
Showing Requirements
Showing System, List Brokerage

Location

188-190 Caroline Street S, Hamilton, ON L8P 3L2, Hamilton, ON, L8P 3L2

Listing courtesy of REAL BROKER ONTARIO LTD.
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Contact Info

  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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