New 90 Sherman Avenue N, Hamilton, ON L8L 6M4
Stipley · Hamilton · ON
About this property
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
- MLS® Number
- X13522306
- Status
- Active / New
- Transaction
- For Sale
- Property Type
- Residential Freehold
- Property Subtype
- Triplex
- Bedrooms Above Grade
- 7
- Kitchens
- 2
- Living Area Range
- 1500-2000
- Lot Size
- Feet
- Lot Width
- 20.64
- Lot Depth
- 64.49
- Taxes
- $2,880
- Tax Year
- 2026
- Garage
- None
- Parking Spaces
- 0
- Parking Total
- 0.00
- Heating
- Forced Air / Gas
- Cooling
- Central Air
- Basement
- Unfinished
- Sewer
- Sewer
- Direction Faces
- East
- Cross Street
- King St E & Sherman Ave N
- Directions
- Corner of Sherman Ave N & Sherman Ave.
- Occupancy
- Tenant
Interior Features
- Interior
- None
Exterior Features
- Pool
- None
Building & Construction
- Style
- 2 1/2 Storey
- Construction
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
Parking & Garage
- Garage
- None
- Parking features
- Street Only
- Parking spaces
- 0
- Parking total
- 0.00
- Covered spaces
- 0
Community & Neighbourhood
- Cross street
- King St E & Sherman Ave N
Utilities & Services
- Sewer
- Sewer
Location
Property History
- Listed
- July 4, 2026 11:13 am
- Listing updated
- July 14, 2026 9:13 pm
- System updated
- July 14, 2026 9:13 pm
- Photos changed
- July 4, 2026 12:33 pm
- Media changed
- July 4, 2026 12:33 pm
- Imported locally
- July 14, 2026 6:00 pm