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Price Change$365,000

35 Sherman Avenue N

Gibson, Hamilton

$359,000

Detached|2 1/2 Storey
5 | 2 | 2
About this home

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.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,590
Lot Size21 ft x 90 ft
mls© NumberX13610674
Listed ByROYAL LEPAGE STATE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,838
Property tax
$216
Heat allowance
$150
Housing costs
$2,203 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $71,800
25-yr amortization

Income needed

$68,000

gross annual household income

Payment at 4%
$1,511 / mo
Cash down
$71,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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