Red brick exterior featuring a white storm door, upper-level balcony, and covered front porch Features: brick siding, fence, lawn, satellite dish, porch More Photos

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    For Sale - 90 Sherman Avenue, Hamilton, Ontario

    Est payment $2,400/mo
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    Views   3
    Time on Jump  97 day

    AI Summary *

    • Investment property available individually or as part of a larger portfolio.
    • Turnkey legal triplex with strong cash flow at an 8.97% cap rate.
    • Fully occupied with gross annual rent of $58,500 and $44,850 NOI.
    • Recent mechanical replacements ensure minimal maintenance expenses for new owners.
    • Located near transit, schools, and amenities in an appreciating area.




    90 sherman avenue n hamilton is an investment property. Turnkey legal triplex in hamilton's north end - and the strongest cash-flow play in this portfolio at a 8. 97% cap rate on current in-place rents. This fully-tenanted, six-door property generates $58,500 in gross annual rent and $44,850 noi, all for an asking price of $499,900. Configured as three self-contained units across six rentable rooms, the building is 100% occupied and cash-flowing from day one. With five of the six doors on fixed-term leases and one already month-to-month, there's a clear, low-risk path to lifting income further as tenancies turn and rents reset to market. Recently replaced mechanicals - a new hot-water tank and furnace (2021) - mean minimal near-term capital outlay, so 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, 90 sherman offers the rare combination of high current yield, upside at turnover, and a hands-off, fully-leased operation. Ideal for an investor.
    Listing IDX13522306
    Address90 Sherman Avenue
    CityHamilton, Ontario
    Price$499,900
    Bed / Bath7 / 3 Full
    Style2 1/2 Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features NoneOwnership FreeholdBasement UnfinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: 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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    90 Sherman Avenue
    Hamilton , Ontario
    7 3 $499,900
    Get more info