Room 1
Level not provided
188-190 Caroline St
Durand, Hamilton, Ontario L8P 3L2
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13828766
- Board
- TRREB MLS®
- Days on market
- Tax
- $7,785
- Size
- 3000-3500 sqft
- Lot
- 39 × 95 Feet
- Parking
- None, 4 Parking
Listing History
Buy/Sell history for 188-190 Caroline St, Hamilton, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,099,000 | N/A | Pc | X13828766 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Fourplex
- Style
- 2-Storey
- Community
- Durand
- Municipality
- Hamilton
Inside
- Bedrooms
- 7
- Bathrooms
- 5
- Bathroom Detail
- 1, 2pc, Main
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 2, 4pc, 2nd
- Bathroom Detail
- 1, 3pc, 2nd
- Basement Type
- None
- Kitchens
- 4
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 3000-3500 sqft
- Construction
- Brick
Parking
- Garage Type
- None
- Add. Parking
- 4
- Total Parking
- 4
Land
- Sewer
- Sewers
- Lot Size
- 39 × 95 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 100+
- Foundation
- Poured Concrete, Stone
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$5,038
- Down payment$219,800
- Mortgage amount$879,200
- Total interest$632,200
- Total cost$1,731,200
Cash flow analysis
$5,038
Total monthly payment
$5,687
Break-even down payment
100%
Cash flow-$5,687
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$1,099,000
$1,099,000
CAD
Estimated market value
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