204 Sherman Avenue, Hamilton

Price: $349,999

5 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Semi-Detached

MLS#: X12919696

Attention investors and opportunity seekers-welcome to this spacious 2.5-storey semi-detached home located in Hamilton's evolving Stipley neighbourhood, an area known for strong rental demand and proximity to downtown amenities. Offering over 1,500 sq ft above grade, this property features 5 bedrooms and 2 full bathrooms, providing flexible potential for multi-tenant rental, student housing, or multi-generational living. The functional layout spans three levels with generously sized bedrooms, while the home also includes forced air gas heating, central air conditioning, and an unfinished basement offering additional storage or future value-add potential. Situated minutes from Tim Hortons Field, Gage Park, Barton Street amenities, transit routes, schools, and downtown Hamilton, this centrally located property sits in a neighbourhood experiencing continued revitalization and strong tenant demand. A compelling opportunity for buyers searching for a Hamilton investment property, income property, or large home with future upside in a well-connected urban location. Immediate possession available. Buyer to verify measurements and future use potential. Some photos have been virtually staged to illustrate potential use of the space.

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$349,999 - 204 Sherman Avenue, Hamilton

Semi-Detached for Sale in Hamilton

80 days on market
5Beds
2Baths
1,500 - 1,999Sq Ft
Semi-Detached
Property Details
MLS Number
X12919696
Property Type
Semi-Detached
Status
active
Days on Site
80
Bedrooms
5
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Hamilton
Listing Brokerage
EXP REALTY
Description

Attention investors and opportunity seekers-welcome to this spacious 2.5-storey semi-detached home located in Hamilton's evolving Stipley neighbourhood, an area known for strong rental demand and proximity to downtown amenities. Offering over 1,500 sq ft above grade, this property features 5 bedrooms and 2 full bathrooms, providing flexible potential for multi-tenant rental, student housing, or multi-generational living. The functional layout spans three levels with generously sized bedrooms, while the home also includes forced air gas heating, central air conditioning, and an unfinished basement offering additional storage or future value-add potential. Situated minutes from Tim Hortons Field, Gage Park, Barton Street amenities, transit routes, schools, and downtown Hamilton, this centrally located property sits in a neighbourhood experiencing continued revitalization and strong tenant demand. A compelling opportunity for buyers searching for a Hamilton investment property, income property, or large home with future upside in a well-connected urban location. Immediate possession available. Buyer to verify measurements and future use potential. Some photos have been virtually staged to illustrate potential use of the space.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,795.68/mo

Includes CMHC insurance ($9,765)

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5-yr fixed avg.

Principal: $314,999Interest: $213,939
Mortgage Amount$324,764
Total Interest$213,939
Est. Property Tax$248/mo
Total Cost$538,703

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Hamilton

Discover Hamilton

Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Hamilton

  • Convenient location in Hamilton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

204 Sherman Avenue, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
11.2%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$248
Insurance (est.)-$73
Net Cash Flow+$3,279

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $233/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 80 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Detached Home Advantages

Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    204 Sherman Avenue, Hamilton — $349,999 | Battaglia Team