Property description for 90 Sherman Avenue N, Hamilton (Stipley), ON L8L 6M4

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:38686)

QUICK OVERVIEW

Central air conditioning
Forced air, Natural gas
18 Days on website

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BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

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AREA AND SCHOOLS

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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 Wednesday, July 22, 2026 at 3:50:45 AM

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NEIGHBOURHOOD

About the Stipeley Neighbourhood

Tout le monde trouve son compte dans Stipeley le quartier plaira à ceux qui apprécient les environnements silencieux, étant donné qu'il y a peu de pollution sonore liée à la circulation des véhicules. Cela étant dit, les parcs, comme par exemple Gage Park, sont particulièrement bien situés dans le secteur et les résidents ont accès à une vingtaine d'entre eux, ce qui fait qu'ils sont habituellement très faciles d'accès. Finalement, le quartier n'est pas connu pour son ambiance énergique, toutefois on peut tout de même trouver quelques rues plus vivantes, et les endroits où sortir le soir sont bien répartis dans le quartier.

Learn more about Stipeley

Daycares

Au moins une garderie à quelques pas à pied

Elementary Schools

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

High Schools

Au moins une école secondaire à moins de 10 minutes 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

CLIMATE RISK FOR L8L 6M4

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 90 Sherman Avenue N, Hamilton (Stipley), ON L8L 6M4

$2,269

Monthly

Estimated Payment

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90 SHERMAN AVENUE N, HAMILTON (STIPLEY), ON L8L 6M4