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BEDROOMS4
BATHROOMS2 + 1
KITCHENS10
ROOMSX11895037
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Property Description
3000 square foot (basement included) LEGAL NON-CONFORMING TRIPLEX in the heart of Central Hamilton featuring a great suite mix. Largemain/basement 3 bed, 1.5 bath unit, spacious second floor 2 bed, 1 bath unit and a bigger then it looks brand new 1 bed, 1 bath loft unit atmarket rent. Unit 1 & 2 are great value adds with major rent upside at 25%. The property also features a 200 amp feed, 3 panels, 3 hydrometers (all passed on to tenants), main & fire escape egress, newer roof (2016) and soffits, eaves, fascia (2021). Units 1 & 3 include in-suitelaundry! Stabilized cap rate of 7%. Great addition to any portfolio or live/rent!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-11 | 2024-01-17 | 6 | $1,600 | - | Suspended |
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Triplex, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
29' x 89'
Fronting
West
Taxes
$4,868 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Radiant
Heat Source
Other
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 9.32' x 12.40' | |
| Br | Main | 9.25' x 11.68' | |
| Bathroom | Main | 9.15' x 10.07' | 4 Pc Bath |
| Br | 2nd | 10.17' x 11.75' | |
| Br | 2nd | 9.51' x 10.50' | |
| Bathroom | 2nd | 6.00' x 4.00' | |
| Br | Bsmt | 9.15' x 10.07' | |
| Bathroom | Bsmt | 6.56' x 4.17' | 2 Pc Bath |
| Bathroom | 3rd | 4.00' x 10.01' | 4 Pc Bath |
| Br | 3rd | 8.01' x 10.01' |
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Hamilton Market Statistics
Hamilton Price Trend
34 Sherman Ave S is a 5-bedroom 4-bathroom home listed for sale at $749,900, which is $487,175 (39.4%) lower than the average sold price of $1,237,075 in the last 30 days (November 18 - December 17). During the last 30 days the average sold price for a 5 bedroom home in Hamilton increased by $308,626 (33.2%) compared to the previous 30 day period (October 19 - November 17) and down $11,313 (0.9%) from the same time one year ago.Inventory Change
There were 22 5-bedroom homes listed in Hamilton over the last 30 days (November 18 - December 17), which is down 50.0% compared with the previous 30 day period (October 19 - November 17) and up 46.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($38,662) (3.1%) below asking price over the last 30 days (November 18 - December 17), which represents a $6,722 decrease compared to the previous 30 day period (October 19 - November 17) and ($116,073) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Hamilton over the last 30 days (November 18 - December 17) stood at 72.7%, up from 47.7% over the previous 30 days (October 19 - November 17) and up from 53.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Hamilton stood at 50 days when successfully sold over the last 30 days (November 18 - December 17), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc.
Similar Listings
Welcome to 147 Elgin Sta prime investment opportunity in the heart of Hamiltons Lansdale/Beasley neighbourhood. This well-maintained triplex offers excellent income potential with three unique units: Main Floor: Spacious 3-bedroom, 2-bath unit with a walk-out deck. Second Floor: Bright 1-bedroom, 1-bath unit with a balcony overlooking downtown Hamilton and access to a third-floor attic space. Basement: Another well-appointed 1-bedroom, 1-bath unit. Shared laundry is conveniently accessible through the side entrance. Additionally, the property includes a detached two-story garage, currently rented separately, with the potential to be converted into a laneway suite. Don't miss out on this exceptional investment! Schedule a showing today!
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Rare legal triplex perfectly situated in a prime Hamilton Mountain location! This unique property offers a fantastic investment opportunity with three separate units on an oversized lot, just moments away from essential amenities. The main floor unit features a spacious layout with two bedrooms, a full bathroom, and convenient laundry facilities - this unit could easily be split to add a 4th unit. On the upper level, you'll find two additional units, each offering one bedroom and one bathroom. The property also includes a detached garage that generates additional revenue, enhancing the investment appeal. Vacant possession will be provided on closing! Don't miss out on this rare opportunity to own a lucrative rental property.
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