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90 Sherman Avenue North, Hamilton, ON L8L6M4

$499,9007Beds 3Baths 1,500Sqft Stripley

Property Overview

  • Row / Townhouse Home Type
  • Triplex Building Type
  • 1331 Sqft Lot Size
  • StripleyCommunity
  • 7 Beds
  • 3 Full Baths
  • Air Conditioning (Central) Cooling
  • 0 Half Baths
  • 0 Parking Space(s)
  • Property Taxes
  • 59 days Days on Market
  • X13522306 MLS® #
  • $333 Price / Sqft
  • Two Storey Style
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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.

Interior Details

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Air Conditioning (Central)
0
Unfinished
None

Exterior Details

Brick
2
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Asphalt Shingles
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More Information

Property

None
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Parking

Yes
0
No Garage

Utilities

Municipal / City

Data is supplied by the Toronto Regional Real Estate Board (TRREB) MLS® System. TRREB is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data was last updated Friday, August 28, 2026, 4:04:54 PM UTC.