143 Sherman Avenue N, Hamilton, ON L8L 6M3
Hamilton
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.
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 143 Sherman Avenue N, Hamilton, ON L8L 6M3
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MLS# X13530234
Listed by EXP REALTY
On market since Jul 7, 2026
What comparable homes actually sold for in the last 12 months.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is listed for $840,000 CAD.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 has 4 bedrooms and 3 bathrooms.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is a Duplex.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is in Hamilton, Ontario.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 143 Sherman Avenue N, Hamilton, ON L8L 6M3 (MLS# X13530234). You can also send a message through the contact form on this site.
