For Sale: 188-190 Caroline Street S, Hamilton, ON - REW
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$1,199,000
7 bd • 5 ba • 3256 sf • Multifamily
188-190 Caroline Street S
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$1,199,000
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188-190 Caroline Street SHamilton, ON, L8P 3L2

Durand
  • 7 Bed
  • 5 Bath
  • 3256 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Sandy Mackay, Salesperson, Real Broker Ontario Ltd.

Home facts and features

Price details
List Price
$1,199,000
Get Pre-Approved
Gross Taxes for 2026
$7,785
Home facts
Bedrooms
7
Full Bathrooms
5
Parking Spaces
4
Parking Details
Open
Property Type
Multifamily
Depth
Frontage
39.0 feet
Title
Freehold
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Community
Agent details
Primary Agent
Sandy Mackay
Primary Broker
Real Broker Ontario Ltd.
Listing details
Days on REW
1 Day
MLS® Number
40862614
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Ryerson Middle School
  • Public
  • 6 - 8
Central Public School
  • Public
  • JK - 8
Central Junior Public School
  • Public
  • JK - 5
Turning Point School
  • Public
  • 9 - 12
Bronston Canadian Academy
  • Private
  • K - 12
St. Joseph Catholic Elementary School
  • Catholic
  • JK - 8
Sir John A Macdonald School
  • Public
  • 9 - 12
Lyons Gate Montessori
  • Private
  • Pre-K - 3
Southern Ontario Collegiate
  • Private
  • 9 - 12
Queen Victoria Elementary Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Sandy Mackay
Phone:
(905) 308-8333
Office:
888-311-1172
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