Home with brick exterior material, building for 197 Sherman Ave, Hamilton Ontario L8L 6M8
3 days on Market

197 Sherman Ave, Hamilton, Ontario L8L 6M8

Detached
2
3
~1500-2000 sqft
$599,000
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Detached
2
3
~1500-2000 sqft

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Highlights

Property Estimate

Days on market3 days

Estimated valueNot available

Price/Sqft$349/sqft

Monthly cost

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+2

Properties sold*

$630K

Median sold price*

*Based on last 30 days

Description

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 Licence " ( see attached ). The new owner is responsible to transfer the licence 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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size3,158 SqFt(157.9 x 20)
Parking Spaces2
MLS ®NumberX12271230
Community NameGibson
Data SourceTRREB
Listing byRE/MAX REALTY SERVICES INC.

Features

Heating: Water
Basement: Unfinished, Full

Main Floor

Games

5.48 x 12.2

Open Concept / 2 Pc Bath / 3 Pc Bath


Features

Lot size: 3,158 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 0

Total parking spaces 2


Property History

Jul 8, 2025
ListedActive
$599,000
3 days on market
history photo preview20
Listing by trreb®

Market Data - Gibson

Geo Zone Map ThumbnailGibson

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

91 days

Compared to

2024

106 days

2023

28 days

2022

9 days

New Listings

Past 30 days

19 listings

Compared to

2024

15 listings

2023

13 listings

2022

25 listings

Units sold

Past 30 days

4 units

Compared to

2024

2 units

2023

6 units

2022

6 units

Median Sold Price

Past 30 days

$500,000

Compared to

2024

$630,000

2023

$572,500

2022

$554,500


Population and Demographics

Overview

Total population 7422
Average household income $86,536

Age (%)

0 to 19
23%
20 to 34
26%
35 to 49
20%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
51%
Single person
40%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
81%
Spanish
3%
Arabic
2%
Portuguese
2%
Somali
2%
Vietnamese
2%
Others
2%
French
1%
Italian
1%

House tenancy (%)

Renters
60%
Owners
40%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget