90 Sherman Avenue N Hamilton, Ontario L8L 6M4
7 Bedroom
3 Bathroom
1,500 - 2,000 sqft
Central Air Conditioning
Forced Air
$499,900
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:15069)
Property Details
| MLS® Number | X13522306 |
| Property Type | Multi-family |
| Community Name | Stipley |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 1,500 - 2,000 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage | |
| Street |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 64 Ft ,6 In |
| Size Frontage | 20 Ft ,7 In |
| Size Irregular | 20.6 X 64.5 Ft |
| Size Total Text | 20.6 X 64.5 Ft |
https://www.realtor.ca/real-estate/29989066/90-sherman-avenue-n-hamilton-stipley-stipley
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July 14 2026 10:09:15
Toronto Regional Real Estate Board
Exp Realty