REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,199,900
Est. payment /mo
New
137 Sherman AVE S Hamilton, ON L8M 2R1
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Blakeley
MLS Listing ID X13432310
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $7,100
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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.
Location
Province ON
County Hamilton
Area Hamilton
Zoning R1a
Rooms
Basement Full, Separate Entrance, Finished
Kitchen 4
Interior
Interior Features Other, Carpet Free, Primary Bedroom - Main Floor
Cooling None
Inclusions See Schedule B1
Exterior
Parking Features Detached
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://youtu.be/sj3-F4J9XZ4
Lited by REAL BROKER ONTARIO LTD.