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BEDROOMS4
BATHROOMS4
KITCHENS7
ROOMSX9509304
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Property Description
Discover the perfect blend of modern elegance and classic charm in this beautifully renovated Multi-Plex, nestled in the heart of Hamilton's Downtown Core. With top-to-bottom upgrades, this property showcases premium finishes including sleek quartz countertops, fresh contemporary paint, and fully updated bathrooms, offering a stylish and low-maintenance investment. Currently occupied by AAA tenants, this property generates premium rental income with **positive cash flow**. The prime location, high-quality updates, and consistent tenancy make this a lucrative addition to any investors portfolio. Don't miss out on this rare opportunity! Book your showing today to experience firsthand how this exceptional Multi-Plex can elevate your real estate investments.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-09 | 2024-10-24 | 15 | $899,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Fourplex, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
28' x 91'
Acreage
< .50
Fronting
West
Taxes
$4,935 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
42 Sherman Ave S is a 4-bedroom 4-bathroom home listed for sale at $869,000, which is $284,628 (24.7%) lower than the average sold price of $1,153,628 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 4 bedroom home in Hamilton declined by $45,669 (3.8%) compared to the previous 30 day period (September 15 - October 14) and up $122,778 (11.9%) from the same time one year ago.Inventory Change
There were 146 4-bedroom homes listed in Hamilton over the last 30 days (October 15 - November 13), which is down 25.1% compared with the previous 30 day period (September 15 - October 14) and down 8.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($30,553) (2.6%) below asking price over the last 30 days (October 15 - November 13), which represents a $2,712 increase compared to the previous 30 day period (September 15 - October 14) and ($24,768) less 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 4-bedroom homes in Hamilton over the last 30 days (October 15 - November 13) stood at 65.1%, up from 47.7% over the previous 30 days (September 15 - October 14) and up from 38.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Hamilton stood at 34 days when successfully sold over the last 30 days (October 15 - November 13), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Complete Realty
Similar Listings
This fourplex is a fantastic addition to your investment portfolio, situated in one of Hamiltons desirable neighborhoods. Offering excellent cash flow, the property features four renovated units: Unit 1 Basement 1bed/1bath, Unit 2 Main Floor - 1bed/1 bath, Unit 3 Second Floor - 2bed/1bath, Unit 4 Loft - 1bed/1bath (vacant possession Dec 1, 2024). Units renovated in 2020 new kitchens, bathrooms, flooring and appliances. Electrical (2020), Plumbing (2020), Fire Escape (2020). Onsite shared coin-operated laundry, generating extra monthly income and onsite parking with detached garage. This could be your next turnkey investment oppourtunity!!
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