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188-190 CAROLINE STREET S, Hamilton, Ontario, L8P 3L2

MLS® # X13828766
Investment For Sale In Durand, Hamilton, Ontario
$1,149,000
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
188-190 Caroline Street S, Hamilton, ON
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MULTIMEDIA

188-190 CAROLINE STREET S, Hamilton, Ontario, L8P 3L2
$1,149,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Type: None
  • Exterior Finish: Brick
  • Floor Space: 3000 - 3500 sqft
  • Foundation Type: Poured Concrete, Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Half Bathrooms: 1
  • Amenities Nearby: Hospital, Public Transit
  • Floor Space (approx): 3000 - 3500 Square Feet
  • Irregular: Yes
  • Lot Depth: 95 Feet
  • Lot Frontage: 39 Feet
  • Lot Size: 39 x 95 FT
  • Zoning: DE-3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: REAL BROKER ONTARIO LTD.

REALTOR.ca  

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Sales/Price History

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Market Price Trends

Single family detached

-4.67%

Price change (1 year)

28.17%

Price change (5 years)

All Properties

-5.67%

Price change (1 year)

24.73%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 188-190 CAROLINE STREET S, Hamilton, Ontario, L8P 3L2

Demographic Information of 188-190 CAROLINE STREET S, Hamilton, Ontario, L8P 3L2

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$96,165.81

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.0 %

High school certificate or equivalent

24.13 %

Apprenticeship trade certificate/diploma

3.96 %

College/non-university certificate

19.87 %

University certificate (below bachelor)

2.53 %

University Degree

37.52 %

Commuter

Travel To Work

By Car

60.04 %

By Public Transit

20.35 %

By Walking

15.75 %

By Bicycle

0.21 %

By Other Methods

3.65 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

89.55 %

Houses

10.45 %

Own Vs. Rent

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