Space
Finished area and layout
- Living Area
- 3,256 sqft
- Above Grade
- 3,256 sqft (Other)
- Finished Breakdown
- Above 3,256 sqft
- Bedrooms
- 7
- Bathrooms
- 5
+27 more
7
Bedrooms
5
Bathrooms
3,256 sqft
Living Area
39.0 feet frontage
Lot
4
Parking
Property Snapshot
Key details for this listing
MLS #40862614
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 7-bedroom, 5-bathroom multi-family in Hamilton offers 3,256 sqft of living area on a 39.0 feet frontage lot. 2 storeys. The home features forced air, natural gas heating, central air conditioning, a none basement. Highlights include a 4-car garage.
MLS Remarks
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:60351)
Full Listing Details
Address188-190 CAROLINE Street S
MLS#40862614
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market38
Common InterestFreehold
Annual Tax$7,785
Parking4 (4 garage)
Parking TypeOpen
Structure TypeFourplex
AttachedAttached
StyleMultiplex
Bedrooms7
Bathrooms5
Living Area3,256 sqft
Above Grade Area3,256 sqft (Other)
Stories2
CityHamilton
ProvinceOntario
Postal CodeL8P3L2
Subdivision122 - Durand North
Frontage39.0 feet
Zoning DetailsDE-3
Total Parking4
Garage Spaces4
Parking FeaturesOpen
HeatingForced air, Natural gas
CoolingCentral air conditioning
BasementNone
ExteriorBrick
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$7,785
From Herkimer/Queen, E on Herkimer, N on Caroline
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