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.
Corner lot all-brick 2.5-storey duplex in a prime Hamilton location, close to schools, grocery stores, transit, and the future Hamilton LRT line. The main floor 2-bedroom unit rents for $1,500/month, while the upstairs 5-bedroom unit is rented per bedroom at $750 each, generating $3,750/month, for a total annual income of $63,000. The property features a large front porch and upper balcony/patio, perfect for tenants. Separate hydro meters simplify utility management. This duplex offers strong cash flow, low operating costs, and long-term appreciation potential in a high-demand, transit-accessible neighborhood.
TREB #X11987968
Feb 24, 2025
Listed
$679,000
As the MLS and public records start to fill up, we'll list the details here.