
35 Sherman Avenue, Hamilton
Hamilton
$365,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Duplex
Bedrooms
5
Bathrooms
2
Days on Market
7
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
Estimated per-unit rents for duplex based on GTA rental market data
Remarks
Step into the charm of this solid brick 2.5-storey home, built in 1911, brimming with character and ready for your personal touch. The enclosed front porch offers 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. The surrounding neighbourhood is undergoing exciting revitalization, with **brand-new sewer infrastructure installed on the street** and a new City bus stop planned directly in front of the home, adding everyday convenience. The property is also located just minutes from the future Hamilton LRT corridor, providing easy access to one of the city's most significant transit and infrastructure investments. The Hamilton LRT will connect McMaster University to Eastgate Square via Main Street, King Street and Queenston Road, further enhancing connectivity and supporting long-term neighbourhood growth. An added convenience is the availability of a **detached garage and one additional parking space**, both of which are **currently rented for $200 per month** through a separate rental arrangement. These are **not included with the property** but may be available for the buyer to continue renting, subject to the existing arrangement. Rich 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.
MississaugaInvestor.ca
35 Sherman Avenue
Duplex · 5bd/2ba · ~1,300 sqft
$365,000
Cash-Flow Report · August 3, 2026
Cap Rate
10.59%
Monthly Cash Flow
+$1,540/mo
Estimated Rent
$4,400/mo
Cash-on-Cash
23.11%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,400 |
| Mortgage | −$1,680 |
| Property Tax | −$383 |
| Insurance | −$225 |
| Maintenance (8% of rent) | −$352 |
| Vacancy (5%) | −$220 |
| Cash Flow | +$1,540/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,800 |
| Vacancy (5%) | −$2,640 |
| Property Tax | −$4,599 |
| Insurance | −$2,700 |
| Maintenance (8% of rent) | −$4,224 |
| Annual NOI | $38,637 |
| Cap Rate | 10.59% |
Cash Required to Close
| Down Payment (20%) | $73,000 |
| Ontario Land Transfer Tax | $3,950 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $79,950 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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