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Tory Akene

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$ 1,199,900

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137 Sherman AVE Hamilton, ON L8M 2R1

5 Beds

4 Baths

2,594 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,594 sqft

Price per Sqft $462

MLS Listing ID 40827350

Bedrooms 5

Full Baths 4

Abv Grd Liv Area 2,594

Annual Tax Amount $7,100

Property Sub-Type Single Family Residence

Source Cornerstone

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 22 - Hamilton Centre

Zoning R1a

Direction Hwy 8 / Sherman Ave S

Rooms

Basement Separate Entrance, Full, Finished

Kitchen 4

Interior

Interior Features Other

Heating Electric, Gas Hot Water, Radiant

Cooling None

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Detached Garage, Interlock

Garage Spaces 1.0

Roof Type Asphalt Shing

Lot Frontage 42.0

Lot Depth 124.0

Garage No

Building

Lot Description Urban, Rectangular, Hospital, Park, Place of Worship, Public Transit, Schools

Faces Hwy 8 / Sherman Ave S

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 172060005

Ownership Freehold/None

Virtual Tour https://youtu.be/sj3-F4J9XZ4

Listed by REAL BROKER ONTARIO LTD BROKERAGE 1800R

Nearby Locations

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+1(289) 814-8679

toryinrealty@gmail.com

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