For Sale: 137 Sherman Avenue S, Hamilton, ON - REW
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$1,199,900
5 bd • 4 ba • 2594 sf • Multifamily
137 Sherman Avenue S
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$1,199,900
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137 Sherman Avenue SHamilton, ON, L8M 2R1

St. Clair
  • 5 Bed
  • 4 Bath
  • 2594 Sqft
  • Multifamily

About this home

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.
Listed by: Jake Nicolle, Real Broker Ontario Ltd.

Home facts and features

Price details
List Price
$1,199,900
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Gross Taxes for 2026
$7,100
Home facts
Bedrooms
5
Full Bathrooms
4
Parking Spaces
6
Parking Details
Detached Garage, Concrete, Interlock
Property Type
Multifamily
Lot Size
42 ft x 124 ft (5208 ft²)
Depth
124.0
Frontage
42.0
Year Built
Built in 1905 (121 yrs old)
Heating Type
Natural Gas
Basement Details
Separate Entrance,Full,Finished
Features
Carbon Monoxide Detector(s), In-suite, Other
Appliances
See Schedule B1
Community
Agent details
Primary Agent
Primary Broker
Real Broker Ontario Ltd.
Secondary Agent
Secondary Broker
Real Broker Ontario Ltd.
Listing details
Days on REW
43 Days
MLS® Number
40824129
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Property Insights

Adelaide Hoodless Public School
  • Public
  • JK - 8
Living Hope Christian School
  • Private
  • 9 - 12
ÉÉC Notre-Dame
  • Catholic
  • JK - 8
Prince of Wales Elementary Public School
  • Public
  • JK - 8
Cathedral High School
  • Catholic
  • 9 - 12
St. Ann (Hamilton) Catholic Elementary School
  • Catholic
  • JK - 8
Sacred Heart of Jesus Catholic Elementary School
  • Catholic
  • JK - 8
Cathy Wever Elementary Public School
  • Public
  • JK - 8
St. Brigid Catholic Elementary School
  • Catholic
  • JK - 8
St. Patrick Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Jake Nicolle
Phone:
289-216-6852
Office:
888-311-1172
David Robbio
Phone:
(905) 812-8123
Office:
888-311-1172
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