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$549,000
Hamilton
197 Sherman Avenue, Hamilton (Gibson), Ontario, L8L6M8
This 2-bedroom, 3-bathroom home in Hamilton is for sale.
Amazing opportunity ! Fully detached all brick building operating as a sports club / bar with a two bedroom rental apartment on the upper level. Premium 20' X 158' pie - shaped lot ( 40' rear ) located in the up and coming " Gibson Community ". This is a fully operational " Sports Club" with a 64 person capacity and is being sold with the " Liquor Sales License " ( see attached ). The new owner is responsible to transfer the license to his / her name. The building is solid but needs cosmetic updating on all three levels, large rear yard with multiple storage buildings and a detached all brick garage fronting onto the rear laneway. All fixtures and chattels are included " as-is ", no financials are available for the Sports Club and there is no guarantee that the Alcohol and Gaming Commission will accept the new applicant. This is a perfect opportunity for the new owner to live / work in the same location and create equity by improving the existing building / property. Second floor apartment has a side entrance as well as a rear stairwell. Hot water gas heat, gas hot water tank ( rental ). Sale price includes the building and operating business. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 204 days on market, against an average age of 89 days across the listings currently for sale in this city
This 2-bed single family in Hamilton (Gibson) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $549,000, about 8.4× the local median household income of $65,000.
Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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