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$899,900
Hamilton
75-77 Sherman Avenue South, Hamilton (Gibson), Ontario, L8M2P8
This multi-family property in Hamilton is for sale offering roughly 4,000 sq ft of space. It has been on the market 44 days, fresher than the Hamilton average of 87 days.
One of Hamilton's original majestic homes, built in the late 1800s and beautifully preserved on a premium 52 x 110 ft lot. This approx. 4,000 sq ft triplex plus in-law suite offers five income streams - spacious 2-bedroom units throughout, gleaming refinished hardwood, restored oak trim and original doors, ornate fireplaces, and beveled leaded glass that simply can't be replicated today. Major systems are done: Weil-McLain boiler, fire retrofit, full basement waterproofing, and an independent basement heating system. Whether you're an investor eyeing strong cash flow & cap rates from 5 income streams or a house hacker looking to live nearly carrying-cost-free while tenants pay the mortgage, this is a rare, turnkey opportunity in a character home that doesn't come to market often. Ample parking in the driveway and storage in the double garage. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 87 days across the listings currently for sale in this city
This multi-family in Hamilton (Gibson) has been listed for 44 days, which is 43 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $899,900, about 14.7× the local median household income of $61,200.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 187% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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