137 Sherman Avenue S Hamilton, Ontario L8M 2R1

$1,225,000

Beautifully restored century home offering exceptional character, modern updates, and outstanding income potential! This R1a zoned fourplex features 4 self-contained apartments generating $91,380 in annual rental income, 4 separate hydro meters, and 4-car + onsite parking. Located in a prime Hamilton location close to Gage Park, Escarpment access, Hwy 403 and the QEW, and incoming Hamilton LRT, this is an excellent opportunity for investors or multi-generational living. This stunning 2.5-storey double brick home welcomes you with a large stately front porch and mature landscaping. Rich in original charm, the ground and 2nd floor units showcase original wood finishes and hardwood flooring, plaster medallions, crown mouldings and more, while units 3 and 4 boast more modern finishes and unique design elements. Major upgrades and improvements include: new fencing, engineered access stairs, windows, shingles (2015), paved parking, exterior waterproofing and sump pump, vaulted ceilings and upgraded lighting, added storage and closet spaces, and fully renovated basement with spray foam insulation, re-engineered and levelled slab, herringbone tile with in-floor heating throughout, large walk-in closet, rain shower and freestanding soaker tub, and upgraded lighting. Unit breakdown includes main floor 1-bedroom unit, second floor 2-bedroom unit + den, third floor 1-bedroom unit, and basement 1-bedroom unit. Current monthly rents are: Unit 1 - $1,875, Unit 2 - $2,395, Unit 3 - $1,650, Unit 4 - $1,695 with opportunity to lease detached garage space for additional cashflow. Exceptional turnkey investment opportunity in one of Hamilton’s most desirable neighbourhoods! (id:50964)

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https://www.realtor.ca/real-estate/29771014/137-sherman-avenue-s-hamilton