143 Sherman Avenue N, Hamilton, ON L8L 6M3

About this home

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.

Home details

Days on market

Not reported

Property type

Duplex

MLS® number

X13530234

Source status

Price Change

Bedrooms

4

Bathrooms

3

Postal code

L8L 6M3

Kitchens

2

Kitchens above grade

2

Family room / den

No

Interior size (reported range)

1500-2000 (units not reported)

Lot depth

90 ft

Garage parking spaces

Not reported

Total parking spaces

2

Occupancy

Tenant

Possession type

Immediate

Garage

None

Annual property tax

3000

Basement

Other

Interior features

None

Architectural style

2-Storey

Parking features

Private Double

Pool features

None

Fireplace

No

Waterfront

No

Garage available

No

Heating system

Forced Air

Heating fuel

Gas

Cooling

Central Air

Sewer

Sewer

Direction facing

West

Construction materials

Brick Front

Roof

Asphalt Shingle

Foundation

Unknown

MLS entry age (not confirmed DOM)

124 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Sewer

Sewer

Heating system

Forced Air

Heating fuel

Gas

Cooling

Central Air

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Bedrooms above grade

4

Rooms above grade

5

Den / family room reported

No

Reported counts are shown independently. Room dimensions have not been inferred from these counts.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$699,000

1. Jul 7, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

Hamilton

Municipality

HAMILTON

MLS® community

Gibson