About this property

90 Sherman Avenue N Hamilton is an investment property. Turnkey legal triplex in Hamilton's north end - and the strongest cash-flow play in this portfolio at a 8.97% cap rate on current in-place rents. This fully-tenanted, six-door property generates $58,500 in gross annual rent and $44,850 NOI, all for an asking price of $499,900.Configured as three self-contained units across six rentable rooms, the building is 100% occupied and cash-flowing from day one. With five of the six doors on fixed-term leases and one already month-to-month, there's a clear, low-risk path to lifting income further as tenancies turn and rents reset to market. Recently replaced mechanicals - a new hot-water tank and furnace (2021) - mean minimal near-term capital outlay, so a new owner can focus on income growth rather than deferred maintenance. Situated in an appreciating lower-city pocket close to transit, schools, and everyday amenities, 90 Sherman offers the rare combination of high current yield, upside at turnover, and a hands-off, fully-leased operation. Ideal for an investor.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13522306
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	1,500 sq ft
Beds / Baths	7 bed · 3 bath
Neighbourhood	Stipley
City	Hamilton
Postal Code	L8L 6M4
Province	ON
Listed Date	July 4, 2026
Days on Market	33
Price per Sq Ft	$333
Brokerage	EXP REALTY