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531 UPPER SHERMAN AVENUE, Hamilton (Raleigh) — listed at $499,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to 531 Upper Sherman Avenue! This well-maintained, turnkey home offers exceptional flexibility for homeowners, investors, or multi-generational families. Featuring two bedrooms on the main level and an additional bedroom in the basement, along with a full bathroom on each level, the functional layout provides excellent potential for extended family living or additional rental income to help offset your mortgage. The interior features tasteful, semi-modern finishes and is move-in ready. Outside, enjoy a private backyard surrounded by mature cedars, complete with a detached shed/workshop equipped with electricity, ideal for hobbies, additional storage, or a dedicated workspace. Whether you're looking to get into the market, supplement your income, or accommodate extended family, this property offers versatility and value at an attractive price. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 3.35 x 2.7 meters |
| Living room | Main level | 5.59 x 3.35 meters |
| Primary Bedroom | Main level | 3.84 x 2.74 meters |
| Bedroom | Main level | 2.95 x 2.51 meters |
| Kitchen | Basement | 3.15 x 2.74 meters |
| Living room | Basement | 3.15 x 2.74 meters |
| Dining room | Basement | 3.15 x 2.74 meters |
Does it have a basement, and is it finished?+
Yes — Finished, Apartment in basement, Separate entrance, N/A, 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 $3,492, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 531 UPPER SHERMAN AVENUE a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Could this work as an investment property?+
The basement description mentions: Finished, 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 (Raleigh) before counting on it.
Is this a good starter home?+
At $499,000, this is priced in starter-home territory for Hamilton (Raleigh). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
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