188-190 Caroline Street S, Hamilton, ON L8P 3L2
Durand, Hamilton · Near Duke St · View map
About this home
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.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 7
- Bathrooms
- 5
- Kitchens
- 4
- Rooms
- 12
- Basement
- None
- Lot size
- 39 x 95 ft
- Faces
- West
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $7,785/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Duke St
- Neighbourhood
- Durand
More
- Price per sq ft
- ~$338 (at 3,250 sq ft)
- MLS® number
- X13828766
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The home and its surroundings
- Hospital
- Library
- Public Transit
- Place Of Worship
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
188-190 Caroline Street, Hamilton, ON L8P 3L2
Durand, Hamilton · Near Duke St
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Listing history for 188-190 Caroline Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 188-190 Caroline Street S
Answers come straight from this home’s MLS® listing.
How much is 188-190 Caroline Street S listed for, and what would it cost each month?
188-190 Caroline Street S is listed for $1,099,000. With 20% down ($219,800), the mortgage payment would be roughly $4,433 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,082 a month, all in. That figure is an illustration, not a quote.
Is 188-190 Caroline Street S freehold or a condo, and is there a monthly fee?
188-190 Caroline Street S is a fourplex in Durand, Hamilton. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 188-190 Caroline Street S have?
188-190 Caroline Street S has 7 bedrooms and 5 bathrooms. The listing gives the style as 2-storey.
Does 188-190 Caroline Street S have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 188-190 Caroline Street S have a finished basement?
No. The listing shows no basement for this home.
What style of home is 188-190 Caroline Street S?
188-190 Caroline Street S is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 188-190 Caroline Street S, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 39 x 95 ft.
How is 188-190 Caroline Street S heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 188-190 Caroline Street S?
Property taxes are $7,785 a year (2025), or about $649 a month.
Where is 188-190 Caroline Street S?
188-190 Caroline Street S is in the Durand community of Hamilton. The nearest main intersection is Duke St. The postal code is L8P 3L2.
Is 188-190 Caroline Street S still for sale?
Yes. It is an active listing (MLS® X13828766). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 188-190 Caroline Street S asking?
Similar properties for sale nearby right now include 217 Caroline Street S at $879,900 (4 bed), 147 Herkimer Street at $929,000 (5 bed) and 317 Queen Street S at $875,000 (5+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 188-190 Caroline Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 188-190 Caroline Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Durand, picked by style, size and price.
Duplex$879,900217 Caroline Street S, Hamilton4 bed · 4 bath · DurandCourtesy of: RE/MAX Escarpment Realty Inc., BrokerageView home →
Triplex$929,000147 Herkimer Street, Hamilton5 bed · 4 bath · DurandCourtesy of: CENTURY 21 GREEN REALTY INC.View home →
Multiplex$875,000317 Queen Street S, Hamilton5+1 bed · 3 bath · DurandCourtesy of: RIGHT AT HOME REALTYView home →Courtesy of: REAL BROKER ONTARIO LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.