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$ 1,149,900
Est. payment /mo
Active
137 SHERMAN AVENUE S Hamilton, ON L8M2R1
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Subdivision Blakeley
MLS® Listing ID X13862498
Bedrooms 5
Property Description
Exceptional turnkey investment opportunity in one of Hamilton's most established and desirable neighbourhoods at the base of the escarpment. This beautifully restored 2.5-storey double brick century home offers outstanding character, thoughtful modern updates, and strong income potential with four self-contained apartments generating $91,380 in annual rental income. Rich in original charm, the home showcases a commanding street presence with mature landscaping, a stately front porch, original wood finishes, hardwood flooring, soaring ceilings, plaster medallions, crown moulding, and timeless architectural details that continue to give the property lasting tenant appeal. The building features four separate hydro meters, an ensuite laundry in every unit, and rare on-site parking for four or more vehicles. The unit breakdown includes a main floor 1-bedroom unit, a second floor 2-bedroom plus den unit, a third floor 1-bedroom unit, and a fully renovated basement 1-bedroom unit. Current monthly rents at market rent. Additional income potential exists through the detached garage. Major improvements include new fencing, engineered access stairs, updated windows, shingles, paved parking, exterior waterproofing and sump pump, upgraded lighting, added storage and closet space, and a completely renovated basement featuring spray foam insulation, re-engineered and levelled slab, herringbone tile with in-floor heating throughout, large walk-in closet, rain shower, freestanding soaker tub, and elevated modern finishes. Ideally located close to Gage Park, escarpment access, Highway 403, the QEW, and the incoming Hamilton LRT, this R1a zoned fourplex is an impressive income-producing asset from day one. Whether you are a seasoned investor, expanding your portfolio, or exploring multi-generational living, this rare Hamilton property delivers consistent cash flow, meaningful upgrades, excellent tenant appeal, and long-term growth potential. (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Second level 4.43 m X 4.81 m Living room
Extra Room 2 Second level 3.09 m X 3.74 m Primary Bedroom
Extra Room 3 Second level 3.66 m X 4.46 m Kitchen
Extra Room 4 Second level 2.72 m X 3.42 m Dining room
Extra Room 5 Second level 3.25 m X 2.96 m Bedroom
Extra Room 6 Third level 2.23 m X 2.9 m Bedroom
Interior
Heating Radiant heat, ,
Cooling None
Exterior
Parking Features Yes
Fence Fenced yard
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage Yes
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Others
Virtual Tour https://youtu.be/Wy7QKgbQpnY
Listed by REAL BROKER ONTARIO LTD.
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