$1,099,000
 $5,900 est/mo Sourced by Back At You

188-190 Caroline Street S,Hamilton (Durand), ON L8P3L2

Hamilton (Durand), ON L8P3L2

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Description

6.5% 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 $75,189 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 car 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. (id:374)

Details

MLS #X13828766
Listing TypeFor Sale
StatusActive
Days On Site42
Listing Provided ByREAL BROKER ONTARIO LTD. | JUAN JOSE GUTIERREZ PINEDA

Features

Bed(s)7
Bath(s) 5 Total
SQ Feet3,000
Story(s)2
ZoningDE-3

Interior

CoolingCentral air conditioning
HeatingForced air, Natural gas
Fireplace Yes / NoNo

Exterior

Foundation DetailsStone, Poured Concrete

Parking

Parking FeaturesNo Garage
Parking Total4

Utilities

SewerSanitary sewer
Water SourceMunicipal water

Taxes

Tax Annual Amount7785.13

Area Information

ProvinceON
CityHamilton (Durand)
Postal CodeL8P3L2
Listing VS Median (in L8P3L2)
Price:
$1,099,000
low | high
Med:
$1,099,000
50% of Average
sqft:
3,000
low | high
Med:
3,128
45.733333333333% of Average
$ / sqft:
$366
low | high
Med:
$352
53.931203931204% of Average
On site:
42
low | high
Med:
46
91.304347826087% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

ROSEMARIE WALLACE

ROSEMARIE Victoria WALLACE

Sutton Group - Quantum Realty Inc- Brokerage

Sales Representative, Représentant immobilier (416) 845-8345rwallace@sutton.com
ProvinceON
CityHamilton (Durand)
Postal CodeL8P3L2
Listing VS Median (in L8P3L2)
Price:
$1,099,000
low | high
Med:
$1,099,000
50% of Average
sqft:
3,000
low | high
Med:
3,128
45.733333333333% of Average
$ / sqft:
$366
low | high
Med:
$352
53.931203931204% of Average
On site:
42
low | high
Med:
46
91.304347826087% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $824K - $1.373M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
188-190 CAROLINE Street S Property Photo 1
$1,099,000
188-190 Caroline Street S
Hamilton, ON L8P3L2
Listing Updated: October 16, 2026 at 3:24:07 PM PDT