Two-story exterior with an attic dormer, featuring a second-level balcony, a ground-level entrance with steps, and an asphalt driveway Features: balcony, porch, horizontal siding, parking pad, satellite dish More Photos

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    For Sale - 143 Sherman Avenue, Hamilton, Ontario

    Est payment $3,357/mo
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    Views   5
    Time on Jump  75 day

    AI Summary *

    • Solid investment property within a diverse multifamily portfolio for added flexibility.
    • Fully renovated duplex with an additional attic apartment for extra income.
    • High income potential with strong annual rent and low operating costs.
    • Separate utility metering allows for shifting costs to tenants effectively.
    • Convenient location near transit, schools, and amenities for tenant appeal.




    143 sherman avenue n, hamilton is an investment property within a portfolio. Fully-renovated duplex with a bonus attic apartment in a strong lower-city location - the highest-income property among the portfolio's new additions, offered at a 5. 50% in-place cap rate on current rents. This fully-tenanted, five-door property generates $70,020 in gross annual rent and $46,204 noi at an asking price of $840,000. The main and upper duplex units are configured as a 2-bedroom apartment and a three-room mid-level unit (one room with a private ensuite), with a self-contained one-bedroom attic apartment above producing additional income. The building was fully rebuilt and modernized following a 2021 fire, meaning all major systems, finishes, and layouts are effectively new. Separate metering - three hydro meters and two gas meters - is a significant advantage in this portfolio: it opens the door to shifting utility costs to tenants over time and cleanly submetering by unit, protecting noi against rising utility costs. Off-street parking for four (three at the rear, one at the front) adds a rentable amenity in a location where street parking is at a premium. Three of the five doors are month-to-month or expiring, giving a new owner a clear, low-risk path to reset rents to market on standard notice without waiting years for turnover - and the mix of self-contained apartments and rentable rooms lets income be grown door-by-door rather than all at once. Combined with the fresh renovation, that means minimal near-term capital outlay: a new owner can focus on income growth rather than deferred maintenance. Situated in an appreciating lower-city pocket close to transit, schools, and everyday amenities.
    Listing IDX13530234
    Address143 Sherman Avenue
    CityHamilton, Ontario
    Price$699,000
    Bed / Bath4 / 3 Full
    Style2-Storey, Duplex
    ConstructionBrick Front
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features NoneOwnership FreeholdBasement OtherFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    143 Sherman Avenue
    Hamilton , Ontario
    4 3 $699,000
    Get more info