For SaleDetached · 2-StoreyMLS® #X13005194 · TRREB MLS®
197 Sherman Ave, Hamilton, Ontario
Gibson, Hamilton, Ontario L8L 6M8
- Bedrooms
- 2
- Lot Size
- 20 x 157.9 ft
- Bathrooms
- 3
- Type
- Detached
- Basement
- Unfinished
$549,000
Estimated market value
About 197 Sherman Ave
197 Sherman Ave is a 2-bedroom, 3-bathroom detached house in Gibson, Hamilton, listed for sale at an asking price of $549,000 (MLS® X13005194).
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.
Insights
Condition Score
Good6 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall−$911/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 83 detached homes with 2 bedrooms for lease in Hamilton right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
Key facts
- Tax
- $3,668 / 2025
- MLS® number
- X13005194
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 20 x 157.9 ft
- Listed on
- Parking
- 2 Detached, 2 Parking
Listing history
Buy/sell history for 197 Sherman Ave, Hamilton, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
Dates and closing prices are shown to signed-in members.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date Start— | — | $549,000 | — | For Sale | X13005194 |
Members see the full history. Prices are hidden from signed-out visitors.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Moyeen Syed, Broker | Office: 905-565-9200; Direct: 647-293-0737 for a full comparative market analysis.
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Gibson
- Municipality
- Hamilton
Building
- Size
- 1500-2000 sqft
- Construction
- Stone
Inside
- Bedrooms
- 2
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc, 1 × 3pc, 1 × 4pc
- Basement Type
- Unfinished
- Kitchens
- 1
Parking
- Driveway
- Street Only
- Garage Type
- Detached
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Water
Land
- Sewer
- Sewers
- Frontage
- 20 ft
- Depth
- 157.9 ft
- Lot Size
- 20 x 157.9 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All electrical light fixtures, all window coverings, fridge, stove, shed, bar fridge.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Games | 12.2 × 5.48 m | Open Concept, 2 Pc Bath, 3 Pc Bath | Main |
| Living | 5.47 × 3.66 m | Broadloom, Picture Window | 2nd |
| Kitchen | 3.66 × 3.66 m | — | 2nd |
| Primary | 4.87 × 3.66 m | Broadloom | 2nd |
| 2nd Br | 3.6 × 3.6 m | Broadloom | 2nd |
Map and tour
Detached homes for sale in Gibson right now
- For sale now
- 28
- Median asking price
- $554K
Middle half: $443K to $642K
This home is asking 1% below the median.
See all homes in GibsonAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Land transfer tax on this home
- Ontario land transfer tax
- $7,455
- Total land transfer tax
- $7,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $3,455
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $549,000
- $2,980
- Ontario total
- $7,455
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St. Ann (Hamilton) Catholic Elementary SchoolHamilton-Wentworth CDSB | Catholic · grades JK–8 | 300 m | 76%Grade 6 average |
| Prince of Wales Elementary Public SchoolHamilton-Wentworth DSB | Public · grades JK–8 | 700 m | 69%Grade 6 average |
| Cathy Wever Elementary Public SchoolHamilton-Wentworth DSB | Public · grades JK–8 | 850 m | 55%Grade 6 average |
| ÉÉC Notre-DameConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.8 km | 80%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Bernie Custis Secondary School Secondary SchoolHamilton-Wentworth DSB | Public · grades 9–12 | 1 km | 36%Grade 9 math |
| Cathedral High SchoolHamilton-Wentworth CDSB | Catholic · grades 9–12 · French Immersion | 1.7 km | 43%Grade 9 math |
| Sherwood Secondary SchoolHamilton-Wentworth DSB | Public · grades 9–12 · French Immersion | 3.5 km | 39%Grade 9 math |
| École secondaire Georges-P-VanierConseil scolaire Viamonde | French-language public · grades 9–12 | 4.9 km | 73%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| West Harbour GO | GO Transit train: Lakeshore West | 2.7 km |
| Hamilton GO Centre | GO Transit train: Lakeshore West | 2.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Lot
- Street frontage
- 20 ft6.1 m
- Depth
- 157.9 ft48.1 m
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $109,800
- Total mortgage amount
- $439,200
- Total interest payment
- $312,300
- Total purchase cost
- $861,300
- Mortgage payment
- $2,505/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
49%Monthly carrying cost
$2,811- Rent $1,900
- Shortfall $911
Rental income opens at $1,900, the median asking rent of 83 comparable homes for lease in Hamilton. Type over it with the rent you expect. This is a planning tool, not advice.
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Sold prices in Gibson are shown to signed-in members.