188 CAROLINE Street
Hamilton, Ontario
7 bed • 5 bath • Multi-family
Rare & lucrative investment opportunity in Hamilton's prestigious Durand neighbourhood! This character-filled legal 4-plex, built in 1875, delivers strong cash flow with $91,896 in annual rental income-a solid addition to any investor's portfolio. Set on a charming tree-lined street, the property features 4-car rear parking, re-built parapet walls and chimney, and an upgraded 3/4 copper water line-a significant infrastructure improvement. Each unit showcases its own unique charm, attracting quality tenants and ensuring consistent demand. Unbeatable location within walking distance to Locke St S, James St S, Hess Village, St. Joseph's Hospital, downtown Hamilton, public transit, parks, and schools. This is a high-demand rental area with excellent long-term appreciation potential. Turnkey income, prime location, and timeless architecture-an investment that truly checks all the boxes.
Price History
Schools
Elementary
- Kanétskare Elementary School Middle School0.3 km
Public · Hamilton-Wentworth DSB · 395 students
Grade 6 math: 46% met the provincial standard
- Central Junior Public School0.3 km
Public · Hamilton-Wentworth DSB · 320 students
Grade 3 reading: 41% met the provincial standard
- St. Joseph Catholic Elementary School0.7 km
Catholic · Hamilton-Wentworth CDSB · 445 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 65% met the provincial standard
Secondary
- System Alternative Education Sir Isaac Brock Secondary School1.5 km
Public · Hamilton-Wentworth DSB · 65 students
- St. Charles Catholic Adult Secondary School1.7 km
Catholic · Hamilton-Wentworth CDSB · 345 students
- Turning Point Alternative Education School1.8 km
Public · Hamilton-Wentworth DSB · 100 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L8P
- Population
- 24,773
- Private dwellings
- 14,969
- Median age
- 38.8
- Average household size
- 1.8
- Median household income
- $58,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Hamilton · last 12 months
- Median sold price
- $681,000
- Homes sold
- 4,997
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,997 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Street View
Mortgage Calculator
$239,800
Estimated Monthly Payment
$5,890
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,890/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
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