90 Sherman Avenue N Hamilton, Ontario L8L 6M4

$499,900

This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 90 Sherman Avenue N Hamilton is 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:55460)

Property Details

MLS® Number	X13522306
Property Type	Multi-family
Community Name	Stipley

Building

Bathroom Total	3
Bedrooms Above Ground	7
Bedrooms Total	7
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	1,500 - 2,000 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage
Street

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	64 Ft ,6 In
Size Frontage	20 Ft ,7 In
Size Irregular	20.6 X 64.5 Ft
Size Total Text	20.6 X 64.5 Ft

https://www.realtor.ca/real-estate/29989066/90-sherman-avenue-n-hamilton-stipley-stipley