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34 SHERMAN Avenue S, Hamilton, Ontario

$799,900

6 Beds
4 Baths
3,564 Square Feet

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! Stabalized cap rate of 7%. Great addition to any portfolio or live/rent! (id:23309)

Listing ID: 40652462
Property Type: Multi-family
Year Built: 1910

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Details

Amenities Nearby: Hospital, Park, Place of Worship, Schools
Community Features: Community Centre
Equipment: Water Heater
Ownership: Freehold
Parking Spaces: 1
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: D/S-1822

Building

BasementType: Full (Finished)
Basement Development: Finished
Constructed Date: 1910
Cooling: Wall unit
Exterior Finish: Brick
Fireplace Present: False
Foundation: Stone
Bathrooms (Total): 4
Heating: Radiant heat
Size Interior: 3564 sqft
Stories Total: 2.5
Type: Triplex
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Place of Worship, Schools
Sewer: Municipal sewage system
Size Frontage: 29 ft

Listing provided by Revel Realty Inc.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 34 SHERMAN Avenue S in Hamilton Ontario. It was last modified on September 24th, 2024. Contact Heather Buchanan Curren to schedule a viewing or to discover other Hamilton real estate for sale.

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