143 Sherman Avenue N, Hamilton, ON L8L 6M3
Hamilton
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.143 Sherman Avenue N, Hamilton is a 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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 143 Sherman Avenue N, Hamilton, ON L8L 6M3
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13530234
Listed by EXP REALTY
On market since Jul 7, 2026
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is listed for $840,000 CAD.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 has 4 bedrooms and 3 bathrooms.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is a Duplex.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is in Hamilton, Ontario.
143 Sherman Avenue N, Hamilton, ON L8L 6M3 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 143 Sherman Avenue N, Hamilton, ON L8L 6M3 (MLS# X13530234). You can also send a message through the contact form on this site.
