Business For Sale · Multifamily

75-77 SHERMAN AVENUE S, Hamilton (Gibson)

75-77 SHERMAN AVENUE S, Hamilton (Gibson), ON L8M2P8

$969,900 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

One of Hamilton's original majestic homes, built in the late 1800s and beautifully preserved on a premium 52 x 110 ft lot. This approx. 4,000 sq ft triplex plus in-law suite offers five income streams - spacious 2-bedroom units throughout, gleaming refinished hardwood, restored oak trim and original doors, ornate fireplaces, and beveled leaded glass that simply can't be replicated today. Major systems are done: Weil-McLain boiler, fire retrofit, full basement waterproofing, and an independent basement heating system. Whether you're an investor eyeing strong cash flow & cap rates from 5 income streams or a house hacker looking to live nearly carrying-cost-free while tenants pay the mortgage, this is a rare, turnkey opportunity in a character home that doesn't come to market often. Ample parking in the driveway and storage in the double garage. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$970K
Down payment30% · $291K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$36K

Annual cash flow

$-18K

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).

NDA required
  • 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.