$549,000
197 Sherman Avenue N, Hamilton, ON L8L 6M8
Gibson · Hamilton · L8L 6M8
Listing brokerage: RE/MAX REALTY SERVICES INC.
- Beds
- 2
- Baths
- 3
- Sq ft
- 1500–2000
- Parking
- 2
Monthly costs
Property taxes
$306/mo
$3,668 a year (2025)
The home
- Lot size
- 20 × 157.9 ft
- Style
- 2-Storey
- Basement
- Unfinished, Full
- Parking
- 2 spots · Detached
- Faces
- West
- Heating · cooling
- Water
- Possession
- 30-60 Days/ TBA
About this home
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.
All details20 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 2
- Bathrooms
- 3
- Kitchens
- 2
- Rooms
- 5
- Size
- 1500-2000 sq ft
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 2
Features
- Street Only
Exterior & Lot
- Exterior
- Stone, Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- X13005194
- Type
- Detached
- Transaction
- For Sale
- Neighbourhood
- Gibson
- Cross streets
- Sherman / Barton
Rooms · 8Game Room, Living Room, Kitchen, Primary Bedroom, Bedroom 2, Washroom ×3
Game Room
Main
5.48 × 12.20 m · 18′0″ × 40′0″
Open Concept, 2 Pc Bath, 3 Pc Bath
Living Room
Second
3.66 × 5.47 m · 12′0″ × 17′11″
Broadloom, Picture Window
Kitchen
Second
3.66 × 3.66 m · 12′0″ × 12′0″
Primary Bedroom
Second
3.66 × 4.87 m · 12′0″ × 16′0″
Broadloom
Bedroom 2
Second
3.60 × 3.60 m · 11′10″ × 11′10″
Broadloom
2-piece washroom
3-piece washroom
4-piece washroom
History
Past listings and sales for this home and building.
Location
197 Sherman Avenue N, Hamilton, ON L8L 6M8 · Near Sherman / Barton
Monthly cost
Estimated monthly cost
$2,737/mo
- Mortgage
- $2,431
- Property tax
- $306
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$119,186
$109,800 down + $9,386 to $10,636 in closing costs
- Ontario land transfer tax
- $7,455
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $181
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$549,000
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