188-190 Caroline Street S, Hamilton

Hamilton City

188-190 Caroline Street S
188-190 Caroline Street S
188-190 Caroline Street S
+29
7
 bed
5
 bath
4
 parking
3256
 sqft
Multiplex
* This unit size is calculated from property.ca data
$1,099,000
Instant Estimate Not Available
For Sale
45 days
 on site
$1,099,000
Instant Estimate Not Available
* This unit size is calculated from property.ca data
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Size
3256 sqft
Lot size
3705 sqft
Street frontage
-
Possession
-
Price per sqft
$338
Taxes
$7,785.13 (2025)
Parking Type
-
Style
Other
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Description
6.8% 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.
Broker: Real Broker Ontario Ltd.
MLS®#: 40862614
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Property details
Parking:
4
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
Other
MLS Size:
3256 sqft
Lot front:
39 Ft
Lot depth:
95 Ft
Listed on:
Sep 17, 2026
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Instant estimate:
Not Available

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About 188-190 Caroline Street S

Located at 188-190 Caroline Street S, this Hamilton multiplex is available for sale. It was listed at $1099000 in September 2026 and has 7 beds and 5 bathrooms.

Some good places to grab a bite are Rasoi Hamilton, Queen's Pizza & Wings or One Duke Restaurant & Lounge. If you love coffee, you're not too far from Tim Hortons located at 239 King St W. Groceries can be found at Samir Supermarket which is only a 5 minute walk and you'll find Alert Best Nursing & Home Care a 3-minute walk as well. For those days you just want to be indoors, look no further than Arctic Experience McNaught Gallery and Art Gallery of Hamilton to keep you occupied for hours. For nearby green space, Durand Park and Radial Park could be good to get out of your multiplex and catch some fresh air or to take your dog for a walk.

For those residents of 190 Caroline St S, Hamilton City without a car, you can get around quite easily. The closest transit stop is a Bus Stop (Hess / Duke) and is a short distance away connecting you to Hamilton City's public transit service. It also has route Upper Paradise nearby.

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