90 Sherman Ave N, Hamilton, Ontario

Multi-Family for Sale in Hamilton

90 Sherman Ave N, Hamilton, ON

  • CA$499,900
  • 7 BEDS
  • 3 BATHS
  • CA$499,900

Multi-Family for Sale in Hamilton

90 Sherman Ave N, Hamilton, ON

  • CA$499,900
  • 7 BEDS
  • 3 BATHS
  • CA$499,900

Key Facts

  • MLS® #: X13522306
  • Property ID: SIRC3477564
  • Property Type: Residential, Triplex
  • Interior Area¹: 1500-2000 sq.ft.
  • Lot Size¹: 20.64x64.49 ft.
  • Bedrooms: 7
  • Bathrooms: 3
  • Listed By:
  • EXP REALTY

Property Description

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.

Listing Agents

EXP REALTY

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Location

90 Sherman Ave N, Hamilton, Ontario, L8L 6M4 Canada

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