3000 square foot (basement included) LEGAL NON-CONFORMING TRIPLEX in the heart of Central Hamilton featuring a great suite mix. Largemain/basement 3 bed, 1.5 bath unit, spacious second floor 2 bed, 1 bath unit and a bigger then it looks brand new 1 bed, 1 bath loft unit atmarket rent. Unit 1 & 2 are great value adds with major rent upside at 25%. The property also features a 200 amp feed, 3 panels, 3 hydrometers (all passed on to tenants), main & fire escape egress, newer roof (2016) and soffits, eaves, fascia (2021). Units 1 & 3 include in-suitelaundry! Stabilized cap rate of 7%. Great addition to any portfolio or live/rent!
Address
34 Sherman Ave S
List Price
$749,900
Property Type
Free
Type of Dwelling
Triplex
Style of Home
2 1/2 Storey
Area
Hamilton
Sub-Area
Gibson
Bedrooms
5 + 1
Bathrooms
4
Floor Area
2,500 Sq. Ft.
Year Built
100+
MLS® Number
X11895037
Listing Brokerage
REVEL REALTY INC.
Postal Code
L8M 2P4
Tax Amount
$4,868.16
Tax Year
2024