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$ 499,900
Est. payment | /mo
7 Beds
3 Baths
$ 499,900
Est. payment | /mo
7 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Stipley
MLS Listing ID X13522306
Style 2 1/2 Storey
Bedrooms 7
Annual Tax Amount $2,880
Tax Year 2026
Property Sub-Type Triplex
Property Description
90 Sherman Avenue N Hamilton is an investment property. 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.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Basement Unfinished
Kitchen 2
Interior
Interior Features None
Cooling Central Air
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Building
Foundation Unknown
Lited by EXP REALTY
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