All Listings
197 Sherman Avenue, Hamilton, ON 22 photos

$549,000

Active
197 Sherman Avenue, Hamilton, ON· Gibson
2
Bedrooms
3
Bathrooms
1500-2000
Sq Ft
$275–$366
Per Sq Ft
2
Detached Parking

About this Property

Amazing opportunity ! Fully detached all brick building operating as a sports club / bar with a two bedroom rental apartment on the upper level. Premium 20' X 158' pie - shaped lot ( 40' rear ) located in the up and coming " Gibson Community ". This is a fully operational " Sports Club" with a 64 person capacity and is being sold with the " Liquor Sales License " ( see attached ). The new owner is responsible to transfer the license to his / her name. The building is solid but needs cosmetic updating on all three levels, large rear yard with multiple storage buildings and a detached all brick garage fronting onto the rear laneway. All fixtures and chattels are included " as-is ", no financials are available for the Sports Club and there is no guarantee that the Alcohol and Gaming Commission will accept the new applicant. This is a perfect opportunity for the new owner to live / work in the same location and create equity by improving the existing building / property. Second floor apartment has a side entrance as well as a rear stairwell. Hot water gas heat, gas hot water tank ( rental ). Sale price includes the building and operating business.

Listed by RE/MAX REALTY SERVICES INC. · MLS# X13005194

Features & Details

Property details of 197 Sherman Avenue, Hamilton, ON

Property TypeDetached
Style2-Storey
Size1500-2000 sq ft
BasementUnfinished, Full
Total Parking2

Mortgage Calculator

$
%
$
Mortgage Payment$2,697/monthly
Principal54%
Interest46%
Principal Amount$439,200
Interest$369,922
Total Payable$809,122
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$2,697
Mortgage + Expenses$2,697
$
$
$
$
$
Monthly Cash Flow-$2,697

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

Similar Properties

Properties near 197 Sherman Avenue, Hamilton, ON

$549,000

197 Sherman Avenue, Hamilton, ON

Chat with Akash