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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$1,149,000
Available - For Sale
Listing ID: X13828766
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.
Price $1,149,000
Taxes: $7,785.13
Occupancy by: Tenant
Address: 188-190 Caroline Street South , Hamilton, L8P 3L2, Hamilton
Directions/Cross Streets: Duke St
Rooms: 12
Bedrooms: 7
Bedrooms +: 0
Washrooms: 5
Family Room: F
Basement: None
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  4 Main
Washroom 3:  4 Second
Washroom 4:  3 Second
Washroom 5:  0
Washroom 6:  2 Main
Washroom 7:  4 Main
Washroom 8:  4 Second
Washroom 9:  3 Second
Washroom 10:  0
Washroom 11:  2 Main
Washroom 12:  4 Main
Washroom 13:  4 Second
Washroom 14:  3 Second
Washroom 15:  0
Washroom 16:  2 Main
Washroom 17:  4 Main
Washroom 18:  4 Second
Washroom 19:  3 Second
Washroom 20:  0
Washroom 21:  2 Main
Washroom 22:  4 Main
Washroom 23:  4 Second
Washroom 24:  3 Second
Washroom 25:  0
Washroom 26:  2 Main
Washroom 27:  4 Main
Washroom 28:  4 Second
Washroom 29:  3 Second
Washroom 30:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 4
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 3000-3500
Property Features: Hospital
Library
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REAL BROKER ONTARIO LTD.

188-190 Caroline Street South , Hamilton, L8P 3L2, Hamilton

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Stan Khurana
Sales Representative
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6473836000
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905-883-1988

 
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At a Glance:
Type: Freehold - Fourplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Durand
Style: 2-Storey
Lot Size: x 95.00(Feet)
Approximate Age: 100+
Tax: $7,785.13
Maintenance Fee: $0
Beds: 7
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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