$1.20M · 4+1 bed Fourplex · Blakeley, Hamilton

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137 Sherman Avenue

Hamilton · Ontario L8M 2R1

MLS® X13432310 · Blakeley · L8M 2R1

4+14TenantOccupied2500-3000 ft²Fourplex1-car Detached15d$436/ft²Lot 42 x 124 ft$7,100 tax/yr

Neighbourhood Range

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

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 wo…

Property details

MLS#

X13432310

Status

Buy Now

Beds

4+1

Baths

4 full, 0 half

Size

2500-3000

Style

2 1/2 Storey

Type

Fourplex

Year built

—

Roof: Asphalt Shingle
Foundation: Stone
Property features: Hospital, Park, Place Of Worship, School, Fenced Yard, Public Transit

Garage: 1-car Detached
Garage spaces: 1
Parking: 6 total
Lot: 42 × 124
Heating: Radiant
Heating fuel: Electric
Cooling: None
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: East
Cross street: Hwy 8 / Sherman Ave S
Basement: Full, Separate Entrance, Finished
Stories: —
Utilities: —
Laundry: —
Interior: Other, Carpet Free, Primary Bedroom - Main Floor
Parking features: Private Triple

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,199,900✓ $7,100 tax✓ Electric✓ 2500-3000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$8,896/mo

incl. closing costs (yr 1)

Annual total

$106,747

year 1

Mortgage only

$4,552/mo

principal + interest

Beyond mortgage

$2,179/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$239,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$592/mo

Utilities

Hydro / electricity$358/mo

≈ $0.13/ft² × ~2,750 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$11,999/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$20,473

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)51% $54,625/yr

Property taxes26% $27,573/yr

Utilities5% $5,850/yr

Insurance & security1% $1,600/yr

Maintenance11% $11,999/yr

Closing costs5% $5,100/yr

Mortgage is 51% of your true cost of ownership. The other 49% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$54,625	$4,552/mo
Government & taxes
Property tax	$7,100	$592/mo
Land transfer tax(closing)	$20,473	$1,706/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$4,290	$358/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$11,999	$1,000/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$106,747	$8,896/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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137 Sherman Avenue

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

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Sales History

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Annual costs