$799,900 $4,294 est/mo Sourced by Back At You
34 Sherman Avenue S , Hamilton, ON L8M 2P4
Hamilton, ON L8M 2P4
Description
3000 square foot (basement included) LEGAL NON-CONFORMING TRIPLEX in the heart of Central Hamilton featuring a great suite mix. Large main/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 at market 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 hydro meters (all passed on to tenants), main & fire escape egress, newer roof (2016) and soffits, eaves, fascia (2021). Units 1 & 3 include in-suite laundry! Stabilized cap rate of 7%. Great addition to any portfolio or live/rent!
Details
| MLS# | 40652179 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 16 |
| Listing Provided By | Revel Realty Inc. | Abdellah Majd |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,654 |
| Basement | Y |
| Zoning | D/S-1822 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Zip Code | L8M 2P4 |
| Area | 20 Hamilton Centre |
| Subarea | 200 Gibson | Stipley |
| Community Name | 200 Gibson/Stipley |
| Listing VS Median (in 200 Gibson/Stipley) | |
Price: $799,900 low | high Med: $549,900 SqFt: 2,654 low | high Med: 1,107 $ / SqFt: $301 low | high Med: $497 On Site: 16 low | high Med: 7.000000 | |
Listing Updated: October 8, 2024 at 2:18:12 PM PDT