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.
2 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $366 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 197 Sherman Ave N
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
Unfinished, Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Unfinished · Full
Lot & land
Lot size (sqft)
0.1
Listing & possession
Property style
2-Storey
Property class
Detached
197 Sherman Ave N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13005194$549,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 197 Sherman Ave N Compares to the Hamilton Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,697
/mo
based on the purchase price of $549,000
$109,800 cash
$439,200 financed
$369,922 total interest
Principal54%$439,200
Interest46%$369,922
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Sherman Avenue North? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 197 Sherman Ave N with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 197 Sherman Ave N day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Hamilton
Other 1–3 bed homes for sale in Hamilton around $549K.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,426Homes for sale here right now.
Median vs prior 90 days−2.9%Compared with May 11 – Aug 9, 2026: prices down.
Based on 1,780 sales from Aug 9 – Nov 7, 2026 (1,551 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
197 Sherman Ave N is listed at $549,000 (MLS® X13005194). Summitly updates the price as soon as the MLS® record changes.
Is $549,000 a good price for 197 Sherman Ave N?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 197 Sherman Ave N changed?
No — 197 Sherman Ave N is still listed at its original asking price of $549,000.
How many bedrooms and bathrooms does 197 Sherman Ave N have?
197 Sherman Ave N has 2 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Hamilton.
Is 197 Sherman Ave N close to transit?
The nearest rapid-transit station is West Harbour GO Station (Lakeshore West GO), about 2.6 km in a straight line. Hamilton GO Centre GO Station is about 2.7 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 197 Sherman Ave N?
About $2,697 a month — principal and interest on $549,000 with 20% down ($109,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 197 Sherman Ave N compare with other homes in Hamilton?
Its asking price of $549,000 is about 19% below the median sold price in Hamilton over the last 90 days, $675,000, across 1,780 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 197 Sherman Ave N been sold before?
Summitly has no earlier MLS® sale or lease of 197 Sherman Ave N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 197 Sherman Ave N?
197 Sherman Ave N is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 197 Sherman Ave N been on the market?
206 days — 197 Sherman Ave N was listed on April 15, 2026.
What is the price per square foot of 197 Sherman Ave N?
About $275 to $366 per square foot: the asking price of $549,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 197 Sherman Ave N have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
