220 Caroline Street S Hamilton, Ontario L8P 3L4
$1,799,000
Incredible investment opportunity in the heart of Hamilton's desirable Durand neighbourhood! This legal fourplex is ideally located near hospitals, public transit, and the city's trendiest shops, restaurants, and amenities. Generating strong gross monthly rents of $8,280, the property features four separately metered units, each with its own hydro meter and tankless hot water heater. Tenants pay their own heat, hydro, and water, offering a low-maintenance and cost-efficient ownership structure. A private driveway leads to a rear parking lot, providing convenient off-street parking for residents. As an added bonus, enjoy six months of free professional property management - making this a turnkey opportunity for investors seeking value and steady income. (id:50886)
Property Details
MLS® Number | X12290504 |
Property Type | Multi-family |
Community Name | Durand |
Amenities Near By | Hospital, Public Transit, Schools |
Community Features | Community Centre |
Equipment Type | Water Heater |
Parking Space Total | 4 |
Rental Equipment Type | Water Heater |
Building
Bathroom Total | 5 |
Bedrooms Above Ground | 8 |
Bedrooms Below Ground | 2 |
Bedrooms Total | 10 |
Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
Basement Development | Finished |
Basement Type | N/a (finished) |
Cooling Type | Central Air Conditioning |
Exterior Finish | Brick |
Foundation Type | Unknown |
Half Bath Total | 2 |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 3 |
Size Interior | 3,000 - 3,500 Ft2 |
Type | Fourplex |
Utility Water | Municipal Water |
Parking
No Garage |
Land
Acreage | No |
Land Amenities | Hospital, Public Transit, Schools |
Sewer | Sanitary Sewer |
Size Depth | 99 Ft |
Size Frontage | 40 Ft |
Size Irregular | 40 X 99 Ft |
Size Total Text | 40 X 99 Ft |
Zoning Description | De-3 |
https://www.realtor.ca/real-estate/28617933/220-caroline-street-s-hamilton-durand-durand
Contact Us
Contact us for more information
Michael Kenneth Johnson
Salesperson
1044 Cannon St East Unit T
Hamilton, Ontario L8L 2H7
(905) 308-8333