188-190 Caroline Street S, Hamilton
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:1945)
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Property details for 188-190 Caroline Street S, Hamilton
- Type
- Multi-family
- Bedrooms
- 7
- Bathrooms
- 5
- Living Area
- 3,256 square feet
- Stories
- 2
- Basement
- None
- Parking
- Open
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick
- Ownership
- Freehold
- Annual Taxes
- $7,785
Nearby Listings Stat
Estimated price and comparable properties near 188-190 Caroline Street S
Active Listings
1
Min Price
$1,199,000
Max Price
$1,199,000
Avg Price
$1,199,000
Days on Market
2
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Hamilton, Ontario
Population
480
Median Age
34.7
Median Income
$36,864
Dwelling Value
$341,914
Housing Tenure
Owners 47%
Renters 53%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.7
Pop. Density: 8,556.1/km²
Avg Shelter Cost: $1,328/mo
Owners with Mortgage: 58.3%
Owners Spending 30%+: 20.8%
Tenants Spending 30%+: 46.2%
English only: 85.9%
English and French: 13%
Neither: 1.1%
Median Household Income: $60,288
Median Employment Income: $31,744
Price History
Listed
September 17, 2026
by Real Broker Ontario Ltd.
Current Price
$1,199,000
-7.7% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,199,000 | $100,000 (-7.7%) |
| Sep 17, 2026 | $1,299,000 | Listed |
