90 Sherman Avenue

Welcome to this fantastic opportunity: a Multi-Family Home for sale in Hamilton , located at 90 Sherman Avenue, Hamilton. This charming corner lot features an all-brick, 2.5-storey duplex that is perfectly situated in a prime area, making it an ideal investment for those looking to enter the bustling property market of Hamilton. The neighbourhood is known for its accessibility, being close to schools, grocery stores, and public transit, including the anticipated Hamilton LRT line.

As you approach 90 Sherman Avenue, Hamilton, you’ll notice the inviting large front porch, which is perfect for tenants to enjoy their morning coffee or unwind in the evenings. The upper balcony/patio adds an extra touch of outdoor space, enhancing the appeal of this Multi-Family Home for sale in Hamilton.

This property consists of two well-appointed units. The main floor boasts a 2-bedroom unit that currently rents for £1,500 per month. Meanwhile, the upstairs unit is a spacious 5-bedroom setup, rented out per bedroom at £750 each, bringing in a total of £3,750 per month. This arrangement results in an impressive annual income of £63,000, showcasing the strong cash flow potential of this Multi-Family Home for sale in Hamilton.

The duplex features two bathrooms, which is a significant advantage for tenants, ensuring convenience and comfort. Although there is no kitchen included in the description, the presence of a refrigerator and stove provides essential amenities for both units. It’s important to note that the home is unfurnished, allowing tenants to personalise their living spaces according to their tastes.

The property is equipped with central air conditioning, which is a welcome feature during the warmer months, ensuring that tenants remain comfortable throughout the year. Additionally, the home includes a fireplace, perfect for those chilly winter evenings, creating a warm and inviting atmosphere.

Parking is available via street parking only, as there is no garage space or driveway. This may be a consideration for potential tenants, but the property’s location in a transit-friendly area mitigates this concern, making it easier for residents to commute without the need for a vehicle.

At 90 Sherman Avenue, Hamilton, you’ll find a full, unfinished basement that offers potential for further development or storage. This space can be transformed to add value to the property, whether for additional living space or as a communal area for tenants.

The lot measures 21 X 63 feet, providing a manageable outdoor area without overwhelming maintenance demands. The age of the property, dating back to 1912, adds character and charm, though it may require some updates to meet modern standards. However, the potential for long-term appreciation in this high-demand neighbourhood is significant, making this Multi-Family Home for sale in Hamilton an attractive investment.

In summary, this property at 90 Sherman Avenue, Hamilton, presents a remarkable opportunity for investors or those looking to expand their real estate portfolio. With its strong rental income, desirable location, and potential for future growth, this Multi-Family Home for sale in Hamilton is not to be missed. The combination of low operating costs and the possibility of long-term appreciation in a transit-accessible neighbourhood makes it a wise choice for savvy investors. Don't hesitate to explore this unique offering and consider the possibilities that await at 90 Sherman Avenue, Hamilton.

The Gibson/Stipley area in Hamilton is a vibrant and diverse neighbourhood that offers a unique blend of urban living and community charm. Nestled between the bustling downtown and the serene natural spaces of the nearby parks, this area boasts a rich tapestry of historic architecture and modern amenities. Residents enjoy convenient access to local shops, cafes, and restaurants, as well as excellent public transport links that make commuting a breeze. The community is characterised by its friendly atmosphere, with a strong sense of local pride evident in the well-maintained streets and community events. Whether you're seeking a lively urban lifestyle or a quiet retreat, Gibson/Stipley provides a welcoming environment for all.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.5 km, you will find Prince of Wales Elementary School, a public institution offering grades JK to 8, although it has a lower school rating of 2.2. St. Ann (Hamilton) CES, a Catholic elementary school, is even closer at 0.1 km, boasting a commendable rating of 4.6 and providing education from JK to 8. For secondary education, Bernie Custis Secondary School is located 0.7 km away, rated at 1.9, while the nearby Cathedral CSS, also a Catholic school, is just 0.9 km away with a rating of 3.1. Additional options include Bennetto Elementary School and W.H. Ballard Elementary School, both offering French-language education, with ratings of 3 and 3.5, respectively. Sherwood Secondary School, rated 6.9, is also within a reasonable distance of 3.2 km, providing a strong secondary education option. Overall, this area offers a variety of schooling choices, catering to different educational needs and preferences, ensuring that families have access to quality education nearby.