90 Sherman Ave N, Hamilton (Stipley), ON L8L6M4
- Beds
- 7
- Baths
- 3
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Overview
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:58180)
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Number of bedrooms
- 7
- Number of bathrooms
- 3
- Lot size (acres)
- 0.03
Interior features
- Basement
- Yes
Utilities
- Heating
- Forced Air, Natural Gas
- Sewer
- Sewer
- Water
- Water
Taxes
- Tax Annual Amount (2026)
- $2,880
Public schools
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Sourced from: Canadian Real Estate Association MLS®#: X13522306 Last checked: …
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