90 Sherman Avenue N

Nestled in the heart of Stipley, this charming Multi-Family Home for sale in Hamilton at 90 Sherman Avenue N, Hamilton, is an absolute gem. This all-brick, 2.5-storey multiplex is a fantastic opportunity for investors or those looking to live in one unit while renting out the other. With a prime location, you’ll find yourself just a stone's throw away from schools, grocery stores, and convenient transit options, including the anticipated Hamilton LRT line.

As you approach the property, the first thing you’ll notice is the inviting large front porch, perfect for enjoying a morning cuppa or unwinding after a long day. The upper balcony/patio adds an extra touch of charm, providing a lovely space for tenants to relax and enjoy the outdoors. This Multi-Family Home for sale in Hamilton boasts a total of nine rooms, including two well-appointed kitchens, which are ideal for the culinary enthusiast.

Inside, the main floor features a spacious two-bedroom unit that currently rents for a respectable £1,500 per month. It’s an attractive option for tenants looking for a comfortable living space. The upstairs unit is even more impressive, with five bedrooms rented out at £750 each, bringing in a remarkable total of £3,750 per month. This setup generates an impressive annual income of £63,000, making this property not just a home, but a smart investment.

The property has been well-maintained, despite its age of over 100 years, and retains a lot of its original character. The exterior is entirely brick, which not only adds to its aesthetic appeal but also ensures durability. While the basement is unfinished, it offers potential for future development, allowing you to customise it to your liking or simply use it for storage.

As for amenities, this Multi-Family Home for sale in Hamilton comes equipped with central air conditioning, ensuring comfort during those hot summer months. The property is connected to municipal water and sewer, making for hassle-free living. Although there’s no pool or fireplace, the absence of these features is easily outweighed by the strong cash flow and low operating costs associated with this property.

Parking is on-street only, which is typical for the area, and while there’s no garage space, the location compensates with its accessibility to public transport and nearby amenities. The property is unfurnished, allowing you or your tenants to personalise the space according to your own tastes and preferences.

In terms of heating, the home utilises a forced air system, providing a reliable source of warmth during the colder months. The absence of a central vacuum system and family room might seem like drawbacks, but they provide an opportunity for you to create a unique living space that meets your specific needs.

In summary, this Multi-Family Home for sale in Hamilton at 90 Sherman Avenue N, Hamilton, is a fantastic investment opportunity in a high-demand area. With its strong rental income potential, low operating costs, and proximity to essential amenities, it’s hard to overlook the advantages this property offers. Whether you’re looking to invest or find a place to call home, this property is certainly worth considering. Don’t miss out on the chance to own a piece of Hamilton’s vibrant community!

Stipley is a charming neighbourhood nestled within the city of Hamilton, Ontario, characterised by its blend of residential streets and local amenities. This area boasts a welcoming atmosphere, with a mix of historic homes and modern developments, making it appealing to a diverse range of residents. Stipley is conveniently located near parks, schools, and shopping facilities, ensuring that daily conveniences are within easy reach. The community is well-connected by public transport, allowing for effortless access to the vibrant downtown area and beyond. With its strong sense of local identity and a variety of recreational options, Stipley offers a pleasant and engaging environment for those looking to settle in Hamilton.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you'll find Prince of Wales Elementary School (0.4 km) and St. Ann (Hamilton) CES (0.1 km), both offering quality education for younger children, with St. Ann rated highly at 4.6. For secondary education, Bernie Custis Secondary School is just 0.7 km away, while Cathedral CSS, a Catholic school, is slightly further at 0.9 km, providing options for students in grades 9 to 12. Additionally, Bennetto Elementary School (2.5 km) and W.H. Ballard Elementary School (3.1 km) offer French language programs, catering to diverse educational needs. Sherwood Secondary School, also offering a French curriculum, is located 3.1 km away and boasts a commendable rating of 6.9. Overall, the area is well-served by both public and Catholic schools, with a mix of English and French language instruction, ensuring families have access to quality education options right at their doorstep.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 561 residents, with an average household size of 2.6 individuals. The demographic profile reveals a relatively young community, with an average age of 35.9 years. The average household income stands at $70,500, although 19.6% of the population is classified as low-income. The real estate market reflects a median home price of $530,000, indicating a moderately priced housing landscape. A significant portion of the population is single, comprising 59.55%, while households with children account for 33.33%. The community is also diverse, with 20% of residents being immigrants. Renters make up 35.71% of the population, and there are no condominiums in the area. Educational attainment is notable, with 31.11% of residents holding a college or university degree. However, a considerable 46.67% of the population is not in the labor force, which may influence local economic dynamics. Overall, this community presents a blend of youthful energy, diversity, and a mix of single and family households, set against a backdrop of moderate housing prices and varying income levels.