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137 SHERMAN AVENUE S, Hamilton (Blakeley) — listed at $1,149,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Basement | 5.15 x 3.74 meters |
| Living room | Second level | 4.43 x 4.81 meters |
| Primary Bedroom | Second level | 3.09 x 3.74 meters |
| Kitchen | Basement | 3.07 x 4.93 meters |
| Kitchen | Main level | 3.66 x 6.43 meters |
| Kitchen | Second level | 3.66 x 4.46 meters |
| Bedroom | Third level | 2.23 x 2.9 meters |
| Bedroom | Main level | 3.59 x 2.96 meters |
| Dining room | Second level | 2.72 x 3.42 meters |
| Dining room | Third level | 3.61 x 3.09 meters |
| Living room | Basement | 4.35 x 3.05 meters |
| Bedroom | Second level | 3.25 x 2.96 meters |
| Living room | Main level | 3.66 x 4.52 meters |
| Dining room | Basement | 4.71 x 4.93 meters |
| Living room | Third level | 5.49 x 4.95 meters |
| Kitchen | Third level | 1.44 x 5.83 meters |
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 5 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
How is the home heated? Is it efficient?+
Heating is radiant heat, electric, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is 137 SHERMAN AVENUE S a good fit for a growing family?+
With 5 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.
Does it have a basement, and is it finished?+
Yes — Finished, Full, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,100, heating is radiant heat, electric, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Finished, Full, Separate entrance, 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 (Blakeley) before counting on it.
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