137 Sherman Avenue S, Hamilton

$1,149,900
137 Sherman Avenue S

$1,149,900

New
18d
Fourplex2 1/2 Storey

137 Sherman Avenue S, Hamilton

Total Monthly Obligation $5,605

Beds
5
Baths
4
Park
5
Sqft
2500-3000
DOM
18d
Yield
3.4%
Cash on Cash
-9.6%
Cap Rate
2.5%
5Y IRR
8.0%
10Y IRR
8.7%
Property Type-Fourplex
MLS® Number-X13862498
Beds-5
Bathrooms-4
Size-2500-3000 sqft
Lot Size-42 × 124 ft
Listed on site-Oct 5, 2026
Style-2 1/2 Storey
Building Type-Fourplex
Taxes-$7,100 (2026)
Parking-6 - Detached
Basement-Full, Separate Entrance, Finished
Heating-Radiant (Electric)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-None
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Blakeley
Title-Residential Freehold

No agent assigned

Exceptional turnkey investment opportunity in one of Hamilton's most established and desirable neighbourhoods at the base of the escarpment. This beautifully restored 2.5-storey double brick century home offers outstanding character, thoughtful modern updates, and strong income potential with four self-contained apartments generating $91,380 in annual rental income. Rich in original charm, the home showcases a commanding street presence with mature landscaping, a stately front porch, original wood finishes, hardwood flooring, soaring ceilings, plaster medallions, crown moulding, and timeless architectural details that continue to give the property lasting tenant appeal. The building features four separate hydro meters, an ensuite laundry in every unit, and rare on-site parking for four or more vehicles. The unit breakdown includes a main floor 1-bedroom unit, a second floor 2-bedroom plus den unit, a third floor 1-bedroom unit, and a fully renovated basement 1-bedroom unit. Current monthly rents at market rent. Additional income potential exists through the detached garage. Major improvements include new fencing, engineered access stairs, updated windows, shingles, paved parking, exterior waterproofing and sump pump, upgraded lighting, added storage and closet space, and a completely renovated basement featuring spray foam insulation, re-engineered and levelled slab, herringbone tile with in-floor heating throughout, large walk-in closet, rain shower, freestanding soaker tub, and elevated modern finishes. Ideally located close to Gage Park, escarpment access, Highway 403, the QEW, and the incoming Hamilton LRT, this R1a zoned fourplex is an impressive income-producing asset from day one. Whether you are a seasoned investor, expanding your portfolio, or exploring multi-generational living, this rare Hamilton property delivers consistent cash flow, meaningful upgrades, excellent tenant appeal, and long-term growth potential.

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Closing Costs

Mortgage Amount
$919,920
Land Transfer Taxes$19,473
Legal Fees (Est.)
$
Total cash required for closing$250,953

Total Monthly Obligation

$5,605/mo
Mortgage $4,638
Monthly Loss $4,384
Principal$1,221
Interest$3,418
Property Tax$592
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 137 Sherman Avenue S

Time

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