90 Sherman Avenue N,Hamilton, ON L8L 6M4
Hamilton, ON L8L 6M4
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.
Details
| MLS # | X13522306 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 59 |
| Listing Provided By | EXP REALTY | X13522306 285400 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.03 |
Interior
| Interior Features | None |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Unknown |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Street Only |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2880 |
|---|---|
| Tax Legal Description | PT LT 3, PL 375 , AS IN CD214448 EXCEPT PART 3, 62R22190; S/T AND T/W CD214448 ; HAMILTON |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8L 6M4 |
| Area | Stipley |
| Listing VS Median (in L8L 6M4) | |
Price: $499,900 low | high Med: $0 On site: 59 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8L 6M4 |
| Area | Stipley |
| Listing VS Median (in L8L 6M4) | |
Price: $499,900 low | high Med: $0 On site: 59 low | high Med: | |
