137 Sherman Avenue

ActiveHamilton · Blakeley56 days on marketMLS® X13432310

$1,199,900

$480 / sq ft

Bedrooms5

Bathrooms4

Interior2,500 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market56

About this property

Exceptional turnkey investment opportunity in one of Hamilton's most established and desirable neighbourhoods at the base of the escarpment. This beautifully restored 2.5-storey double brick century home offers outstanding character, thoughtful modern updates, and strong income potential with four self-contained apartments generating $91,380 in annual rental income. Rich in original charm, the home showcases a commanding street presence with mature landscaping, a stately front porch, original wood finishes, hardwood flooring, soaring ceilings, plaster medallions, crown moulding, and timeless architectural details that continue to give the property lasting tenant appeal. The building features four separate hydro meters, an ensuite laundry in every unit, and rare on-site parking for four or more vehicles. The unit breakdown includes a main floor 1-bedroom unit, a second floor 2-bedroom plus den unit, a third floor 1-bedroom unit, and a fully renovated basement 1-bedroom unit. Current monthly rents at market rent. Additional income potential exists through the detached garage. Major improvements include new fencing, engineered access stairs, updated windows, shingles, paved parking, exterior waterproofing and sump pump, upgraded lighting, added storage and closet space, and a completely renovated basement featuring spray foam insulation, re-engineered and levelled slab, herringbone tile with in-floor heating throughout, large walk-in closet, rain shower, freestanding soaker tub, and elevated modern finishes. Ideally located close to Gage Park, escarpment access, Highway 403, the QEW, and the incoming Hamilton LRT, this R1a zoned fourplex is an impressive income-producing asset from day one. Whether you are a seasoned investor, expanding your portfolio, or exploring multi-generational living, this rare Hamilton property delivers consistent cash flow, meaningful upgrades, excellent tenant appeal, and long-term growth potential.

Features & finishes

View

Fireplace

Air Conditioning

Basement

Property details

MLS® Number	X13432310
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	2,500 sq ft
Beds / Baths	5 bed · 4 bath
Neighbourhood	Blakeley
City	Hamilton
Postal Code	L8M 2R1
Province	ON
Listed Date	June 11, 2026
Days on Market	56
Price per Sq Ft	$480
Brokerage	REAL BROKER ONTARIO LTD.