531 Upper Sherman Ave is a 2-bedroom, 2-bathroom detached home in Hamilton, listed for $499,000. It has 700-1100 sq ft of living space.
1Welcome to 531 Upper Sherman Avenue!
2The interior features tasteful, semi-modern finishes and is move-in ready.
3Outside, enjoy a private backyard surrounded by mature cedars, complete with a detached shed/workshop equipped with electricity, ideal for hobbies, additional storage, or a dedicated workspace.
Welcome to 531 Upper Sherman Avenue! This well-maintained, turnkey home offers exceptional flexibility for homeowners, investors, or multi-generational families. Featuring two bedrooms on the main level and an additional bedroom in the basement, along with a full bathroom on each level, the functional layout provides excellent potential for extended family living or additional rental income to help offset your mortgage. The interior features tasteful, semi-modern finishes and is move-in ready. Outside, enjoy a private backyard surrounded by mature cedars, complete with a detached shed/workshop equipped with electricity, ideal for hobbies, additional storage, or a dedicated workspace. Whether you're looking to get into the market, supplement your income, or accommodate extended family, this property offers versatility and value at an attractive price.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $713 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 531 Upper Sherman Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
3 spaces
Basement
Apartment, Finished
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Apartment · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
531 Upper Sherman Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14149678$499,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 531 Upper Sherman Ave 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
$2,451
/mo
based on the purchase price of $499,000
$99,800 cash
$399,200 financed
$336,231 total interest
Principal54%$399,200
Interest46%$336,231
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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
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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 2–3 bed homes for sale in Hamilton around $499K.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,480Homes for sale here right now.
Median vs prior 90 days−2.5%Compared with May 8 – Aug 6, 2026: prices down.
Based on 1,805 sales from Aug 6 – Nov 4, 2026 (1,548 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 531 Upper Sherman Ave
How much is 531 Upper Sherman Ave listed for?
531 Upper Sherman Ave is listed at $499,000 (MLS® X14149678). Summitly updates the price as soon as the MLS® record changes.
Is $499,000 a good price for 531 Upper Sherman Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 531 Upper Sherman Ave changed?
No — 531 Upper Sherman Ave is still listed at its original asking price of $499,000.
How many bedrooms and bathrooms does 531 Upper Sherman Ave have?
531 Upper Sherman Ave has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Hamilton.
How much would the monthly mortgage be on 531 Upper Sherman Ave?
About $2,451 a month — principal and interest on $499,000 with 20% down ($99,800), 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.
Are there open houses at 531 Upper Sherman Ave?
Yes — Sunday, November 8, 2:00 PM – 4:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 531 Upper Sherman Ave compare with other homes in Hamilton?
Its asking price of $499,000 is about 26% below the median sold price in Hamilton over the last 90 days, $675,000, across 1,805 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 531 Upper Sherman Ave been sold before?
Summitly has no earlier MLS® sale or lease of 531 Upper Sherman Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 531 Upper Sherman Ave?
531 Upper Sherman Ave is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 531 Upper Sherman Ave been on the market?
531 Upper Sherman Ave was listed today (November 4, 2026).
What is the price per square foot of 531 Upper Sherman Ave?
About $454 to $713 per square foot: the asking price of $499,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 531 Upper Sherman Ave have parking or a garage?
