90 Sherman Avenue N, Hamilton - $499,900 | Modern Solution Realty

90 Sherman Avenue N

90 Sherman Avenue N, Hamilton

90 Sherman Avenue N in Hamilton - 7 bedroom, 3 bathroom. Listed at $499,900.

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.

Property Details

  • Property Type: Mortgage
  • Style: 2 1/2 Storey
  • Square Footage: 1750 sqft
  • Basement: Unfinished
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 0 space
  • Property Taxes: $2,880/yr
  • Neighbourhood: Stipley
  • Postal Code: L8L 6M4

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