90 Sherman Avenue N, Hamilton, ON, L8L 6M4

Property Details: - Type: Triplex - Bedrooms: 7 - Bathrooms: 3 - MLS#: X13522306 Listed By: EXP REALTY

This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 90 Sherman Avenue N Hamilton is Turnkey legal triplex in Hamilton's north end - and the strongest cash-flow play in this portfolio at a 8.97% cap rate on current in-place rents. This fully-tenanted, six-door property generates $58,500 in gross annual rent and $44,850 NOI, all for an asking price of $499,900.Configured as three self-contained units across six rentable rooms, the building is 100% occupied and cash-flowing from day one. With five of the six doors on fixed-term leases and one already month-to-month, there's a clear, low-risk path to lifting income further as tenancies turn and rents reset to market. Recently replaced mechanicals - a new hot-water tank and furnace (2021) - mean minimal near-term capital outlay, so 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, 90 Sherman offers the rare combination of high current yield, upside at turnover, and a hands-off, fully-leased operation. Ideal for an investor. This triplex home located at 90 Sherman Avenue N, Hamilton is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $499,900 with an estimated mortgage of $1,840* per month. It has 7 beds, 3 bathrooms, and is 1500-2000 square feet. 90 Sherman Avenue N, Hamilton is in the Stipley neighborhood Hamilton. Stripley, Gibson and Central are nearby neighborhoods.