90 SHERMAN AVENUE N,Hamilton (Stipley),Ontario,L8L6M4
For sale
$499,900
90 SHERMAN AVENUE N,Hamilton (Stipley),Ontario,L8L6M4
This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 90 Sherman Avenue N Hamilton is 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. (id:63658)
PROPERTY SUMMARY
| MLS® # | : | X13522306 |
| Listing price | : | $499,900 |
| Listed on | : | 11-07-2026 |
| Property subtype | : | For sale |
| Square footage | : | 1500 sqft |
| Year built | : | 0000 |
| Listing office | : | EXP REALTY |
BEDROOM & BATHROOM
| Total bedrooms | : | 7 Bedrooms |
| Total bathrooms | : | 3 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : |