34 Sherman Avenue S Hamilton, Ontario L8M 2P4
$799,900
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:50886)
Property Details
| MLS® Number | 40652462 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Park, Place Of Worship, Schools |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 1 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 6 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1910 |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| SizeInterior | 3564 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Place Of Worship, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 89 Ft |
| SizeFrontage | 29 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | D/s-1822 |
https://www.realtor.ca/real-estate/27460981/34-sherman-avenue-s-hamilton
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Abdellah Majd
Salesperson
69 John Street S. Unit 400a
Hamilton, Ontario L8N 2B9
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October 31 2024 02:58:49
REALTORS® Association of Hamilton-Burlington
Revel Realty Inc.