90 Sherman Avenue N,Hamilton (Stipley), ON L8L6M4
Hamilton (Stipley), ON L8L6M4
Description
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. (id:13843)
Details
| MLS # | X13522306 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 113 |
| Listing Provided By | EXP REALTY | Mina Bishay |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Unknown |
|---|
Parking
| Parking Features | No Garage, Street |
|---|---|
| Parking Total | 0 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2880 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Stipley) |
| Postal Code | L8L6M4 |
| Listing VS Median (in L8L6M4) | |
Price: $499,900 low | high Med: $549,900 sqft: 1,500 low | high Med: 1,500 $ / sqft: $333 low | high Med: $367 On site: 113 low | high Med: 113.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Stipley) |
| Postal Code | L8L6M4 |
| Listing VS Median (in L8L6M4) | |
Price: $499,900 low | high Med: $549,900 sqft: 1,500 low | high Med: 1,500 $ / sqft: $333 low | high Med: $367 On site: 113 low | high Med: 113.5 | |
