137 Sherman Avenue S,Hamilton, ON L8M 2R1
Hamilton, ON L8M 2R1
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.
Details
| MLS # | 40824129 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 77 |
| Listing Provided By | REAL BROKER ONTARIO LTD BROKERAGE 1800R | Jake Nicolle |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,594 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | R1a |
| Acreage | 0.12 |
Interior
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Other |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
Exterior
| Lot Features | Rectangular, Hospital, Park, Place of Worship, Public Transit, Schools |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Foundation Details | Stone |
| Security Features | Carbon Monoxide Detector(s) |
Parking
| Garage Spaces | 1 |
|---|---|
| Parking Features | Detached Garage, Concrete, Interlock |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 7100 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8M 2R1 |
| Area | 22 Hamilton Centre |
| Subarea | 220 St. Clair | Blakeley |
| Community Name | 220 St. Clair/Blakeley |
| Listing VS Median (in 220 St. Clair/Blakeley) | |
Price: $1,199,900 low | high Med: $539,000 sqft: 2,594 low | high Med: 1,486 $ / sqft: $463 low | high Med: $363 On site: 77 low | high Med: 357 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8M 2R1 |
| Area | 22 Hamilton Centre |
| Subarea | 220 St. Clair | Blakeley |
| Community Name | 220 St. Clair/Blakeley |
| Listing VS Median (in 220 St. Clair/Blakeley) | |
Price: $1,199,900 low | high Med: $539,000 sqft: 2,594 low | high Med: 1,486 $ / sqft: $463 low | high Med: $363 On site: 77 low | high Med: 357 | |
