143 Sherman Avenue

Hamilton, ON L8L 6M3 ( Gibson)

Quick Facts

Type: Duplex

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 3,000 ( 2025)

Updated: 2026-07-07 01:44:02

Description

This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty.143 Sherman Avenue N, Hamilton is a fully-renovated duplex with a bonus attic apartment in a strong lower-city location - the highest-income property among the portfolio\'s new additions, offered at a 5.50% in-place cap rate on current rents. This fully-tenanted, five-door property generates $70,020 in gross annual rent and $46,204 NOI at an asking price of $840,000.The main and upper duplex units are configured as a 2-bedroom apartment and a three-room mid-level unit (one room with a private ensuite), with a self-contained one-bedroom attic apartment above producing additional income. The building was fully rebuilt and modernized following a 2021 fire, meaning all major systems, finishes, and layouts are effectively new. Separate metering - three hydro meters and two gas meters - is a significant advantage in this portfolio: it opens the door to shifting utility costs to tenants over time and cleanly submetering by unit, protecting NOI against rising utility costs. Off-street parking for four (three at the rear, one at the front) adds a rentable amenity in a location where street parking is at a premium. Three of the five doors are month-to-month or expiring, giving a new owner a clear, low-risk path to reset rents to market on standard notice without waiting years for turnover - and the mix of self-contained apartments and rentable rooms lets income be grown door-by-door rather than all at once. Combined with the fresh renovation, that means minimal near-term capital outlay: 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.

Extras

Duplex

Property

Status: For Sale

MLS #: X13530234

Price: $ 840,000

Address: 143 Sherman Avenue

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 3,000

Tax Year: 2025

Lot Size:

Neighbourhood: Gibson

Nearest Intersection: Barton St E. & Sherman Ave. N

City: Hamilton

Postal Code: L8L 6M3

DOM: 6 Days

Last Update: 2026-07-07 01:44:02

 

Building

Interior

Bedrooms: 4

Bathrooms: 3

Rooms: 0

Kitchens: 2

Family Room:

Fireplace:

Basement: Other,

Central Vacuum:

 

Exterior

Exterior: Brick Front,

Driveway:

Garage: Private Double

Garage Spaces:

Parking Spaces: 2.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms