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$ 1,225,000
Est. payment /mo
Active
137 SHERMAN Avenue S Hamilton, ON L8M2R1
5 Beds
4 Baths
3,617 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3617
Square Footage 3,617 sqft
Price per Sqft $338
Subdivision 220 - St. Clair/Blakeley
MLS® Listing ID 40831175
Bedrooms 5
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Freehold
Property Description
Beautifully restored century home offering exceptional character, modern updates, and outstanding income potential! This R1a zoned fourplex features 4 self-contained apartments generating $91,380 in annual rental income, 4 separate hydro meters, and 4-car + onsite parking. Located in a prime Hamilton location close to Gage Park, Escarpment access, Hwy 403 and the QEW, and incoming Hamilton LRT, this is an excellent opportunity for investors or multi-generational living. This stunning 2.5-storey double brick home welcomes you with a large stately front porch and mature landscaping. Rich in original charm, the ground and 2nd floor units showcase original wood finishes and hardwood flooring, plaster medallions, crown mouldings and more, while units 3 and 4 boast more modern finishes and unique design elements. Major upgrades and improvements include: new fencing, engineered access stairs, windows, shingles (2015), paved parking, exterior waterproofing and sump pump, vaulted ceilings and upgraded lighting, added storage and closet spaces, and fully renovated basement with spray foam insulation, re-engineered and levelled slab, herringbone tile with in-floor heating throughout, large walk-in closet, rain shower and freestanding soaker tub, and upgraded lighting. Unit breakdown includes main floor 1-bedroom unit, second floor 2-bedroom unit + den, third floor 1-bedroom unit, and basement 1-bedroom unit. Current monthly rents are: Unit 1 - $1,875, Unit 2 - $2,395, Unit 3 - $1,650, Unit 4 - $1,695 with opportunity to lease detached garage space for additional cashflow. Exceptional turnkey investment opportunity in one of Hamilton's most desirable neighbourhoods! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating , Radiant heat,
Cooling None
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage Yes
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Escarpment Golfi Realty Inc.
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