Real Estate boards require that you sign in to see the full details of this property.Sign in to view images

143 Sherman Avenue N, Hamilton, ON

Name: 143 Sherman Avenue N, For Sale in Hamilton - eXp Realty
Brand: EXP REALTY
SKU: X13530234
Price: 840000 CAD

House

For Sale

$--,---,---

432

MLS® X13530234

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential

Size -

Garage None

Taxes $3,000

Days Active 0

Lot Size

Approx. Age

MLS® Number X13530234

Property Address: 143 Sherman Avenue N, Hamilton, ON, L8L6M3

Average square foot calculated using Size range provided by listing agent.

Description

This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty.143 Sherman Avenue N, Hamilton is a 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.Show Description

MLS® NumberX13530234

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

BasementOther

DrivewayGarage Type:None

Garage Spaces

HeatGas, Forced Air

A/CCentral Air

Extras

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

Real estate boards require that you sign in to see the full details of this property. Log in or sign up to see price history.

Home Appraisal

This property is estimated to sell between: $530,000 and $995,000.

Similar properties in this area sold on average for: $530,833

Expected to sell in 28 days. Similar properties sold in 28 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

Commute

Starting Address

Destination Address

Similar Listings

Comparable Properties

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. eXp Realty holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.