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    For Sale - 188-190 Caroline Street, Hamilton, Ontario

    Est payment $5,517/mo
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    Views   1
    Time on Jump  9 day

    AI Summary *

    • Legal 4-plex in a popular and desirable neighborhood generating solid rental income.
    • Four fully-tenanted units with tenants covering their own hydro expenses.
    • Recent upgrades ensure minimal maintenance and predictable utility costs.
    • Convenient parking for four vehicles at the rear of the property.
    • Great walking distance to shops, parks, transit, and amenities.




    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.
    Listing IDX13828766
    Address188-190 Caroline Street
    CityHamilton, Ontario
    Price$1,149,000
    Bed / Bath7 / 5 Full
    Style2-Storey, Fourplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features NoneAmenities Hospital, Library, Public Transit, Place Of WorshipOwnership FreeholdBasement NoneFoundation Poured Concrete, StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Brokerage: REAL BROKER ONTARIO LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
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    Place of Worship
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    188-190 Caroline Street
    Hamilton , Ontario
    7 5 $1,149,000
    Get more info