137 Sherman Avenue S, Hamilton, ON L8M 2R1
Hamilton
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 137 Sherman Avenue S, Hamilton, ON L8M 2R1
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MLS# X13432310
Listed by REAL BROKER ONTARIO LTD.
On market since Jun 11, 2026
What comparable homes actually sold for in the last 12 months.
137 Sherman Avenue S, Hamilton, ON L8M 2R1 is listed for $1,199,900 CAD.
137 Sherman Avenue S, Hamilton, ON L8M 2R1 has 5 bedrooms and 4 bathrooms.
137 Sherman Avenue S, Hamilton, ON L8M 2R1 is a Fourplex.
137 Sherman Avenue S, Hamilton, ON L8M 2R1 is in Hamilton, Ontario.
137 Sherman Avenue S, Hamilton, ON L8M 2R1 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 137 Sherman Avenue S, Hamilton, ON L8M 2R1 (MLS# X13432310). You can also send a message through the contact form on this site.
