More Photos

×

    For Sale - 143 Sherman Avenue, Hamilton, Ontario

    Est payment $4,034/mo
    Get pre-qualified
    Views   4
    Time on Jump  9 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$840,000
    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
    ASAP

    Thu

    16

    Jul

    Fri

    17

    Jul

    Sat

    18

    Jul

    Sun

    19

    Jul

    Mon

    20

    Jul

    Tue

    21

    Jul

    Wed

    22

    Jul

    Thu

    23

    Jul

    Fri

    24

    Jul

    Sat

    25

    Jul

    Sun

    26

    Jul

    Mon

    27

    Jul

    Tue

    28

    Jul

    Wed

    29

    Jul

    Thu

    30

    Jul

    Fri

    31

    Jul

    Sat

    1

    Aug

    Sun

    2

    Aug

    Mon

    3

    Aug

    Tue

    4

    Aug

    Wed

    5

    Aug

    Thu

    6

    Aug

    Fri

    7

    Aug

    Sat

    8

    Aug

    Sun

    9

    Aug

    Mon

    10

    Aug

    Tue

    11

    Aug

    Wed

    12

    Aug

    Thu

    13

    Aug

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    62 Victoria Boulevard
    Huron East, Ontario.
    4 Beds | 3 Baths
    $774,900
    365 Pinegrove Street
    Gravenhurst, Ontario.
    3 Beds | 1 Baths
    $499,900
    90 Renault Crescent
    Toronto, Ontario.
    5 Beds | 3 Baths
    $1,349,000
    17 Denmark Crescent
    Toronto, Ontario.
    5 Beds | 4 Baths
    $1,699,000
    76 Burma Road
    Northern Bruce Peninsula, O…
    2 Beds | 2 Baths
    $499,000
    21 West Ridge Drive
    Stittsville - Munster - Ric…
    4 Beds | 3 Baths
    $899,000
    38 Keiffer Court
    Whitby, Ontario.
    6 Beds | 5 Baths
    $1,398,899
    6485 Waddion Drive
    Greely - Metcalfe - Osgoode…
    4 Beds | 4 Baths
    $1,240,000
    7 Purling Place
    Toronto, Ontario.
    4 Beds | 5 Baths
    $5,880,000
    Loading...
    143 Sherman Avenue
    Hamilton , Ontario
    4 3 $840,000
    Get more info