90 Sherman Avenue, Hamilton, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey triplex located in the coveted neighborhood of Stipley. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 20.64 x 64.49 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
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.
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Property Summary
This triplex located at 90 Sherman Avenue, Hamilton is currently for sale and has been available on SousaSells for 63 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 7 beds, 3 bathrooms, and is 1500-2000 square feet. 90 Sherman Avenue, Hamilton is in the Stipley neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Stipley, Hamilton.
- •7 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Stipley, Hamilton.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 90 Sherman Avenue, Hamilton, ON
Q.What is the asking price for 90 Sherman Avenue, Hamilton, ON ?
The current listing price for 90 Sherman Avenue, Hamilton, ON in Stipley, Hamilton is $499,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 90 Sherman Avenue, Hamilton, ON ?
90 Sherman Avenue, Hamilton, ON is a Triplex (2 1/2 Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Stipley, Hamilton
23 assaults (45.0/100k)
11 B&E (40.0/100k)
15 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 90 Sherman Avenue N, Hamilton, ON L8L 6M4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $499,900 in Hamilton, the legal minimum down payment is $24,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,473 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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