137 SHERMAN Avenue S, Hamilton, Ontario, L8M 2R1

MLS® # 40831175

Investment For Sale In Blakeley, Hamilton, Ontario

$1,225,000

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137 Sherman Avenue S, Hamilton, ON - Outdoor

137 Sherman Avenue S, Hamilton, ON - Outdoor With Facade

137 Sherman Avenue S, Hamilton, ON - Outdoor With Deck Patio Veranda With Exterior

137 Sherman Avenue S, Hamilton, ON - Outdoor With Exterior

137 Sherman Avenue S, Hamilton, ON - Indoor With Fireplace

137 Sherman Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

137 Sherman Avenue S, Hamilton, ON - Indoor Photo Showing Other Room With Fireplace

137 Sherman Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen

137 Sherman Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen With Double Sink

137 Sherman Avenue S, Hamilton, ON - Indoor Photo Showing Laundry Room

137 Sherman Avenue S, Hamilton, ON - Indoor Photo Showing Bathroom

137 Sherman Avenue S, Hamilton, ON - Indoor

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137 SHERMAN Avenue S, Hamilton, Ontario, L8M 2R1

$1,225,000

Property Information:

Beautifully restored century home offering exceptional character, modern updates, and outstanding income potential! This R1a zoned fourplex features 4 self-contained apartments generating $91,380 in annual rental income, 4 separate hydro meters, and 4-car + onsite parking. Located in a prime Hamilton location close to Gage Park, Escarpment access, Hwy 403 and the QEW, and incoming Hamilton LRT, this is an excellent opportunity for investors or multi-generational living. This stunning 2.5-storey double brick home welcomes you with a large stately front porch and mature landscaping. Rich in original charm, the ground and 2nd floor units showcase original wood finishes and hardwood flooring, plaster medallions, crown mouldings and more, while units 3 and 4 boast more modern finishes and unique design elements. Major upgrades and improvements include: new fencing, engineered access stairs, windows, shingles (2015), paved parking, exterior waterproofing and sump pump, vaulted ceilings and upgraded lighting, added storage and closet spaces, and fully renovated basement with spray foam insulation, re-engineered and levelled slab, herringbone tile with in-floor heating throughout, large walk-in closet, rain shower and freestanding soaker tub, and upgraded lighting. Unit breakdown includes main floor 1-bedroom unit, second floor 2-bedroom unit + den, third floor 1-bedroom unit, and basement 1-bedroom unit. Current monthly rents are: Unit 1 - $1,875, Unit 2 - $2,395, Unit 3 - $1,650, Unit 4 - $1,695 with opportunity to lease detached garage space for additional cashflow. Exceptional turnkey investment opportunity in one of Hamilton’s most desirable neighbourhoods! (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 3617 sqft
Foundation Type: Stone
Heating Type: Radiant heat
Heating Fuel: Electric, Natural gas
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Floor Space (approx): 3617 Square Feet
Irregular: Yes
Lot Depth: 124 Feet
Lot Frontage: 42 Feet
Lot Size: 0.12 Acres
Zoning: R1A
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 4

Courtesy of: RE/MAX Escarpment Golfi Realty Inc.

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