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Investment signal

$380,000

35 SHERMAN AVENUE N

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Gibson). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Step into the charm of this solid brick 2.5 brick home built in 1911, brimming with character and ready for your personal touch. The enclosed front porch features a warm welcome and showcases the home's timeless appeal. Inside, you'll find a spacious layout with generous bedrooms on the second floor and a bright 4-piece bathroom. The third floor adds two additional bedrooms, perfect for guests, a home office, or creative space. The kitchen opens to a private backyard, providing the ideal setting for future gardens or outdoor entertaining. A separate side entrance leads to the unfinished basement, which includes an existing bathroom-offering excellent potential for additional living space. ich in history and full of opportunity, this home is waiting for someone with vision to restore its original beauty and make it shine once again (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: Gibson
Lot dimensions: 21 x 90 FT
Bedrooms: 5 above grade
Parking: 0 total
Stories: 2.5
On market: Mar 28, 2026
Status changed: Apr 14, 2026
Annual tax: $2,590.04
Zoning: D
Photos: 29
MLS#: X12932530
Area: HAMILTON_(GIBSON)

Features and systems

Parking

No GarageStreet

Basement

UnfinishedSeparate entranceN/AN/A

Appliances

RefrigeratorWater meterGas stove(s)Water Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Foundation

Poured Concrete

Lot

Carpet Free

Positive cash flow ~$866/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

13.67%

Cap rate

7.60%

GRM

9.6

Break-even rent

$2,389

Financing

Down payment$76,000

Loan amount$304,000

Mortgage$1,540/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$174

Insurance$80

Maintenance$317

CapEx reserve$158

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,540/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.