Property description for 143 Sherman Avenue N, Hamilton (Gibson), ON L8L 6M3

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. (id:38686)

QUICK OVERVIEW

2 parking spaces
Central air conditioning
Forced air, Natural gas
16 Days on website

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Office Exp Realty, 866-530-7737

Updated Thursday, July 23, 2026 at 11:54:56 AM

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, 'screen scraping', 'database scraping', and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website. This listing content is operated by REALTOR® members of The Canadian Real Estate Association. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

NEIGHBOURHOOD

About the Gibson Neighbourhood

Peu importe le genre de quartier qu'ils préfèrent, les acheteurs se sentiront chez eux dans cette partie d'Hamilton Le quartier est plutôt silencieux, étant donné que les rues sont généralement paisibles. Cependant, le quartier compte une trentaine d'espaces verts, comme par exemple Bruce Trail Park, et ceux-ci sont très bien situés dans Gibson, et donc ils sont habituellement très faciles d'accès. Finalement, même si le quartier n'est pas connu pour son caractère dynamique, ses artères commerciales sont tout de même plutôt actives, et en partie à cause de la proximité des lieux dédiés à la vie nocturne des secteurs voisins, il est particulièrement commode de trouver un endroit où prendre un verre.

Learn more about Gibson

Elementary Schools

Au moins une école primaire à moins de 5 minutes à pied

Daycares

Au moins une garderie à quelques pas à pied

Groceries

Grande variété d'épiceries à quelques pas

Restaurants

Grande variété de restaurants à quelques minutes en voiture, dont certains à distance de marche

Pedestrian friendly

La majorité des besoins quotidiens peut être comblée à quelques minutes de marche

CLIMATE RISK FOR L8L 6M3

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 143 Sherman Avenue N, Hamilton (Gibson), ON L8L 6M3

$3,813

Monthly

Estimated Payment

Get Real Estate Advice

Enter your email for REMAX's HomeHQ newsletter. Grab market updates, expert selling tips, and real estate advice.

By submitting your information, you are agreeing to the Privacy Notice and Terms of Use.

Consent CheckboxI agree to receive commercial electronic messages regarding news, updates, promotions, business opportunities and other related communications from RE/MAX*, its affiliates, and third parties designated by RE/MAX. I understand I may unsubscribe at any time.

*RE/MAX, LLC, 5075 S. Syracuse St., Denver CO, 80237 1-800-525-7452; REMAX Canada Inc., 639 Queen Street West, Toronto, ON M5V 2B7, 905-542-2400

143 SHERMAN AVENUE N, HAMILTON (GIBSON), ON L8L 6M3