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143 Sherman Avenue N

Gibson, Hamilton, L8L 6M3

$699,000

Reduced $141,000 from $840,000

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  • 4 bedrooms
  • 3 bathrooms
  • 2 parking
  • 1500-2000 sq ft

Listed 105 days ago · MLS® X13530234

About this home

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.

Details

Type
Duplex
Style
2-Storey
Size
1500-2000 sq ft
Lot
29 × 90 ft
Basement
Other
Garage
None
Kitchens
2
Property tax
$3,000 (2025)
Neighbourhood
Gibson
Municipality
Hamilton

Interior

Bedrooms
4 above ground
Bathrooms
3 × 3-piece
Rooms
5 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick Front
Roof
Asphalt Shingle
Faces
West

Parking

Total parking
2
Driveway and parking
Private Double

Lot

Size
29 × 90 ft

More

Possession
Available
Cross street
Barton St E. & Sherman Ave. N

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

  • 🚆 West Harbour GO2.7 km

Within a 10-minute walk: 2 grocery stores, 14 cafés and restaurants, 4 parks, 4 pharmacies. Nearest grocery: FreshCo (800 m). Nearest park: Lucy Day Park (300 m).

Schools nearby

Elementary

  • St. Ann Catholic Elementary School Catholic
    EQAO: Gr 6 reading 88%, math 52%    1 min walk
  • Prince of Wales Elementary Public School
    EQAO: Gr 6 reading 79%, math 49%    9 min walk
  • Cathy Wever Elementary Public School
    EQAO: Gr 6 reading 72%, math 23%    12 min walk
  • Adelaide Hoodless Public School
    EQAO: Gr 6 reading 79%, math 52%    18 min walk

Secondary

  • Bernie Custis Secondary School
    EQAO: Gr 9 math 36%, literacy test 65%    12 min walk
  • Cathedral High School Catholic
    EQAO: Gr 9 math 43%, literacy test 64%    15 min walk
  • St. Charles Adult & Continuing Education Centre - Downtown East Campus Catholic16 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L8L

Owners / renters
52% / 48%
Median household income
$65,000
Average age
38
Children under 15
17%
Homes
50% detached, 11% high-rise
Commute by transit
14%
Population
32,312

Languages spoken most at home besides English: Portuguese 2.7%, Arabic 1.5%, Vietnamese 1.4%, Spanish 1.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Hamilton police: 62 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Hamilton: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence, with a City business licence (since December 2023).

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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