Videos & Virtual Tours
Open available video, 3D tour, or virtual-tour media for this listing.
188 CAROLINE Street
Hamilton, Ontario L8P3L2
MLS # 40862614
Property Details
Type
Fourplex
Beds
7
Baths
5
Status
For Sale
More homes like this
About this property
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.
Mortgage Estimate
Estimated monthly payment
Calculating…
Estimate only. Taxes, insurance, condo fees, and lender terms are not included.
Monthly costs to verify
Property taxes: about $649/month based on listed annual taxes.
Estimate only. Confirm taxes, condo/maintenance fees, insurance, utilities, and lender terms before making decisions.
Facts & Location
Interior Size
3,256 sq ft
Parking
4 spaces
Annual Taxes
$7,785
Listing data
Listing information is provided for personal, non-commercial use and should be independently verified before making real estate decisions.
Last refreshed: Sep 18, 2026 1:15 PM
Explore nearby searches
SEO-friendly searches for this area, property type, and nearby neighbourhoods.
Similar Properties
More nearby listings that may fit the same search.
$799,900
113 WENTWORTH Street
Hamilton · MLS # 40864138
7 bed · 4 bath · 2,603 sq ft
$799,900
113 Wentworth Street
Hamilton (Stinson) · MLS # X13799458
7 bed · 4 bath
$824,500
207-209 Victoria Avenue
Hamilton (Landsdale) · MLS # X13769800
8 bed · 4 bath · 3,048 sq ft