Home with brick exterior material, building for 197 Sherman Ave, Hamilton Ontario L8L 6M8
89 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 market89 days

Estimated valueNot available

Price/Sqft$349/sqft

Monthly cost

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+4

Properties sold*

$506K

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
89 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

37 days

Compared to

2024

35 days

2023

45 days

2022

36 days

New Listings

Past 30 days

19 listings

Compared to

2024

18 listings

2023

16 listings

2022

14 listings

Units sold

Past 30 days

4 units

Compared to

2024

4 units

2023

4 units

2022

10 units

Median Sold Price

Past 30 days

$395,000

Compared to

2024

$505,500

2023

$497,500

2022

$515,000


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