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Listed by Rob Golfi • RE/MAX Escarpment Golfi Realty Inc.

$1,225,000

Est. payment - /mo

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5 Beds

4 Baths

2,594 SqFt

New

137 Sherman Avenue S Hamilton, ON L8M 2R1

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Gaby Leveille

gaby@gabyleveille.ca +1(905) 902-2284

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,594 sqft

Price per Sqft $472

MLS Listing ID 40831166

Style 2.5 Storey

Bedrooms 5

Full Baths 4

Abv Grd Liv Area 3,617

Annual Tax Amount $7,094

Property Sub-Type Detached

Source Cornerstone

Property Description

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!

Location

Province ON

County Hamilton

Area 22 - Hamilton Centre

Zoning R1A

Direction Sherman and Main St E

Rooms

Basement Separate Entrance, Full, Finished

Main Level Bedrooms 1

Bedroom 2 2

Bedroom 3 1

Kitchen 4

Interior

Interior Features None

Heating Electric, Gas Hot Water, Radiant

Cooling None

Fireplace No

Laundry In-Suite

Exterior

Parking Features Detached Garage

Garage Spaces 1.0

Roof Type Asphalt Shing

Lot Frontage 41.99

Lot Depth 124.0

Garage Yes

Building

Lot Description Urban, None

Faces Sherman and Main St E

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Architectural Style 2.5 Storey

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 172060005

Ownership Freehold/None

Nearby Locations

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Gaby Leveille

Broker | License ID: 4740099

+1(905) 902-2284

137 Sherman Avenue S Hamilton, ON L8M 2R1

Gaby Leveille

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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137 Sherman Avenue S