90 SHERMAN AVENUE N, Hamilton (Stipley)

$499,900

For sale: Multiplex

Multiplex at 90 SHERMAN AVENUE N, Hamilton (Stipley)
Property type
Triplex
Bedrooms / bathrooms
7 bedrooms, 3 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13522306
Neighbourhood
Stipley

90 Sherman Avenue N Hamilton is an investment property. 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.

Sold data

Homes in Stipley — recent sold market

Homes in Stipley took a median of 25 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 43, across 67 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 41 days.

The median sale price was $499,900.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 16% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$499,900
Sale-to-list ratio
97.0%
Sold above asking
16%

Based on 67 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Stipley)

Hamilton (Stipley) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.

Rated schools
130
Elementary
108
Secondary
22
Average rating
5.6 / 10

Top-rated schools in Hamilton (Stipley)

  • Corpus Christi — elementary, HamiltonFraser rating 10.0/10
  • Norwood Park — elementary, HamiltonFraser rating 8.4/10
  • Pope John Paul II — elementary, HamiltonFraser rating 8.0/10
  • Our Lady of Lourdes — elementary, HamiltonFraser rating 7.3/10
  • Westmount — secondary, HamiltonFraser rating 7.3/10
  • Sacred Heart — elementary, HamiltonFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 90 SHERMAN AVENUE N