188-190 Caroline Street

Hamilton, ON L8P 3L2 ( Durand)

Quick Facts

Type: Fourplex

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 7,785 ( 2025)

Updated: 2026-09-25 15:44:00

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.

Extras

Fourplex

Property

Status: For Sale

MLS #: X13828766

Price: $ 1,199,000

Address: 188-190 Caroline Street

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 7,785

Tax Year: 2025

Lot Size:

Neighbourhood: Durand

Nearest Intersection: Duke St

City: Hamilton

Postal Code: L8P 3L2

DOM: 7 Days

Last Update: 2026-09-25 15:44:00

 

Building

Interior

Bedrooms: 7

Bathrooms: 5

Rooms: 0

Kitchens: 4

Family Room:

Fireplace:

Basement: None,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage:

Garage Spaces:

Parking Spaces: 4.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms