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:4069)
Address
220 CAROLINE Street S
List Price
$1,699,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
11
Bathrooms
8
Floor Area
4,236 Sq. Ft.
MLS® Number
40751960
Listing Brokerage
Keller Williams Complete Realty
Basement Area
Full (Finished)
Postal Code
L8P3L4
Zoning
DE-3
Site Influences
Hospital, Park, Place of Worship, Public Transit, Schools
