1/1675-77 SHERMAN AVENUE S, Hamilton (Gibson)
75-77 SHERMAN AVENUE S, Hamilton (Gibson), ON L8M2P8
$899,900 total
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Asset Class
Multifamily
Size
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Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
96%
About this property
Legal triplex plus lower-level in-law suite in one of Hamilton's original majestic homes, beautifully preserved on a premium 52 x 110 ft lot - approx. 4,000 sq ft with five total income streams, all spacious 2-bedroom units, refinished hardwood, restored oak trim, ornate fireplaces and beveled leaded glass throughout. The main-floor unit will be vacant on closing - move in and live nearly carrying-cost-free while the two already-rented upper units and the self-contained in-law suite cover the mortgage, or place your own tenant at full market rent from day one. Major systems are done: Weil-McLain boiler, fire retrofit, full basement waterproofing, and independent basement heating. Detached double garage, driveway parking, and premium character details that simply can't be replicated today. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$33K
Annual cash flow
$-17K
Cash-on-cash
-6.21%
DSCR
0.66
Going-in cap
3.68%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
44,723
Households
17,466
Median income
$93,000
Median age
45.8
Daytime population
65,267
5-yr growth
4.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 75-77 SHERMAN AVENUE S, Hamilton (Gibson).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.