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75-77 SHERMAN AVENUE S, Hamilton (Gibson) — listed at $925,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
One of Hamilton's original majestic homes, built in the late 1800s and beautifully preserved on a premium 52 x 110 ft lot.This approx. 4,000 sq ft triplex plus in-law suite offers five income streams - spacious 2-bedroom units throughout, gleaming refinished hardwood, restored oak trim and original doors, ornate fireplaces, and beveled leaded glass that simply can't be replicated today. Major systems are done: Weil-McLain boiler, fire retrofit, full basement waterproofing, and an independent basement heating system. Whether you're an investor eyeing strong cash flow & cap rates from 5 income streams or a house hacker looking to live nearly carrying-cost-free while tenants pay the mortgage, this is a rare, turnkey opportunity in a character home that doesn't come to market often.Ample parking in the driveway and storage in the double garage. (id:60164)
How is the home heated? Is it efficient?+
Heating is radiant heat, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is 75-77 SHERMAN AVENUE S a good fit for a growing family?+
With 8 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
Could this work as an investment property?+
The basement description mentions: Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Hamilton (Gibson) before counting on it.
What's the parking situation?+
This property includes 5 spaces — Detached Garage, Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Does it have a basement, and is it finished?+
Yes — Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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