137 Sherman Avenue S, Hamilton, ON L8M 2R1
$1,199,900
$1,199,900

137 Sherman Avenue S

Blakeley, Hamilton $1,199,900

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5 Beds
4 Baths
2500-3000 sqft
Detached Garage
Parking for 5
East Facing
Zoning: R1a
MLS®#:
X13432310
Property Type:
Fourplex
Property Style:
2 1/2 Storey
Area:
Hamilton
Community:
Blakeley
Taxes:
$7,100 / 2025
Added:
June 11 2026
Lot Frontage:
42
Lot Depth:
124
Status:
Active
Outside:
Brick
Year Built:
Basement:
Full,Separate Entrance,Finished
Brokerage:
REAL BROKER ONTARIO LTD.
Lot :

124

42

Intersection:
Hwy 8 / Sherman Ave S
Rooms:
Bedrooms:
5
Bathrooms:
4
Fireplace:
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Radiant
Heating Fuel:
Living Room 3.66 x 4.52m

Main Level
Kitchen 3.66 x 6.43m
Eat-in Kitchen
Main Level
Bedroom 3.59 x 2.96m

Main Level
Living Room 4.43 x 4.81m

Second Level
Kitchen 3.66 x 4.46m

Second Level
Dining Room 2.72 x 3.42m

Second Level
Primary Bedroom 3.09 x 3.74m

Second Level
Bedroom 3.25 x 2.96m

Second Level
Living Room 5.49 x 4.95m

Third Level
Kitchen 1.44 x 5.83m

Third Level
Dining Room 3.61 x 3.09m

Third Level
Bedroom 2.23 x 2.9m

Third Level
Living Room 4.35 x 3.05m

Basement Level
Kitchen 3.07 x 4.93m

Basement Level
Dining Room 4.71 x 4.93m

Basement Level
Bedroom 5.15 x 3.74m

Basement Level

Listing Details

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.

See Schedule B1

Insights

  1. Strong Income Potential: This property generates an impressive annual rental income of $91,380 from four self-contained apartments, making it an attractive investment opportunity for buyers seeking immediate cash flow.
  2. Character and Modern Upgrades: The beautifully restored century home features original architectural details combined with thoughtful modern updates, enhancing tenant appeal and ensuring lasting value.
  3. Prime Location: Situated in a desirable neighborhood near Gage Park and with easy access to major highways and public transit, this property offers convenience and potential for long-term growth, especially with the incoming Hamilton LRT.

Property Features

Hospital
Park
Place Of Worship
School
Fenced Yard
Public Transit

Sale/Lease History of 137 Sherman Avenue S

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Neighborhood Overview

Complete neighborhood profile for 137 Sherman Avenue S

Blakeley home prices

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Insights for 137 Sherman Avenue S

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)