New 143 Sherman Avenue N, Hamilton, ON L8L 6M3
Gibson · Hamilton · ON
About this property
143 Sherman Avenue N, Hamilton is an investment property within a portfolio. 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.
Property details
- MLS® Number
- X13530234
- Status
- Active / New
- Transaction
- For Sale
- Property Type
- Residential Freehold
- Property Subtype
- Duplex
- Bedrooms Above Grade
- 4
- Kitchens
- 2
- Living Area Range
- 1500-2000
- Lot Size
- Feet
- Lot Width
- 29.00
- Lot Depth
- 90.00
- Taxes
- $3,000
- Tax Year
- 2025
- Garage
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Heating
- Forced Air / Gas
- Cooling
- Central Air
- Basement
- Other
- Sewer
- Sewer
- Direction Faces
- West
- Cross Street
- Barton St E. & Sherman Ave. N
- Directions
- Barton St E., south on Sherman Ave. N
- Occupancy
- Tenant
Interior Features
- Interior
- None
Exterior Features
- Pool
- None
Building & Construction
- Style
- 2-Storey
- Construction
- Brick Front
- Foundation
- Unknown
- Roof
- Asphalt Shingle
Parking & Garage
- Garage
- None
- Parking features
- Private Double
- Parking spaces
- 2
- Parking total
- 2.00
- Covered spaces
- 0
Community & Neighbourhood
- Cross street
- Barton St E. & Sherman Ave. N
Utilities & Services
- Sewer
- Sewer
Location
Property History
- Listed
- July 7, 2026 1:44 am
- Listing updated
- July 14, 2026 9:24 pm
- System updated
- July 14, 2026 9:24 pm
- Photos changed
- July 7, 2026 1:44 am
- Media changed
- July 7, 2026 1:44 am
- Imported locally
- July 14, 2026 6:00 pm