Sherman Ave is one of our latest real estate investments located in Hamilton, Ontario. The property held two units when it was first purchased. We plan to turn it into a triplex by converting the unused attic into a one-bedroom apartment and bringing the other two two-bedroom units on the second and first floors back to life. Stay tuned to learn more.
Purchase price: $410,000
Construction & holding costs: $225,000
Appraised value: $850,000
Current cash-flow: $625/month