137 Sherman Avenue S,Hamilton (Blakeley), ON L8M2R1
Hamilton (Blakeley), ON L8M2R1
Description
Exceptional turnkey investment opportunity in one of Hamilton's most established and desirable neighbourhoods at the base of the escarpment. This beautifully restored 2.5-storey double brick century home offers outstanding character, thoughtful modern updates, and strong income potential with four self-contained apartments generating $91,380 in annual rental income. Rich in original charm, the home showcases a commanding street presence with mature landscaping, a stately front porch, original wood finishes, hardwood flooring, soaring ceilings, plaster medallions, crown moulding, and timeless architectural details that continue to give the property lasting tenant appeal. The building features four separate hydro meters, an ensuite laundry in every unit, and rare on-site parking for four or more vehicles. The unit breakdown includes a main floor 1-bedroom unit, a second floor 2-bedroom plus den unit, a third floor 1-bedroom unit, and a fully renovated basement 1-bedroom unit. Current monthly rents at market rent. Additional income potential exists through the detached garage. Major improvements include new fencing, engineered access stairs, updated windows, shingles, paved parking, exterior waterproofing and sump pump, upgraded lighting, added storage and closet space, and a completely renovated basement featuring spray foam insulation, re-engineered and levelled slab, herringbone tile with in-floor heating throughout, large walk-in closet, rain shower, freestanding soaker tub, and elevated modern finishes. Ideally located close to Gage Park, escarpment access, Highway 403, the QEW, and the incoming Hamilton LRT, this R1a zoned fourplex is an impressive income-producing asset from day one. Whether you are a seasoned investor, expanding your portfolio, or exploring multi-generational living, this rare Hamilton property delivers consistent cash flow, meaningful upgrades, excellent tenant appeal, and long-term growth potential. (id:13843)
Details
| MLS # | X13862498 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 30 |
| Listing Provided By | REAL BROKER ONTARIO LTD. | JAKE NICOLLE |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,500 |
| Garage | 6 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R1a |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat, Electric, Natural gas |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Stone |
| Fencing | Fenced yard |
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 6 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7100 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Blakeley) |
| Postal Code | L8M2R1 |
| Listing VS Median (in L8M2R1) | |
Price: $1,149,900 low | high Med: $1,149,900 sqft: 2,500 low | high Med: 2,500 $ / sqft: $460 low | high Med: $460 On site: 30 low | high Med: 30 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Blakeley) |
| Postal Code | L8M2R1 |
| Listing VS Median (in L8M2R1) | |
Price: $1,149,900 low | high Med: $1,149,900 sqft: 2,500 low | high Med: 2,500 $ / sqft: $460 low | high Med: $460 On site: 30 low | high Med: 30 | |
