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For saleMLS® X13005194

197 Sherman Avenue N, Hamilton, ON L8L 6M8

Gibson · L8L 6M8

$549,000

$366 / sq ft

6 months on market

Bedrooms
2
Bathrooms
3
Interior
1,500 sf
Parking
2
Lot
20 × 157.9 ft

What's special

  • Detached garage
  • Finished basement

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About this property

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.

Rooms

5 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Game RoomMain5.48 × 12.20 m18.0 × 40.0 ftOpen Concept · 2 Pc Bath · 3 Pc Bath
Living RoomSecond3.66 × 5.47 m12.0 × 17.9 ftBroadloom · Picture Window
KitchenSecond3.66 × 3.66 m12.0 × 12.0 ft—
Primary BedroomSecond3.66 × 4.87 m12.0 × 16.0 ftBroadloom
Bedroom 2Second3.60 × 3.60 m11.8 × 11.8 ftBroadloom

Features

  • None

Property details

Property

Property type
detached
Bedrooms
2
Bathrooms
3
Interior size
1,500 sq ft
Lot size
20 × 157.9 ft
Possession
30-60 Days/ TBA

Interior

Basement
Unfinished, Full
Heating
Water · Gas
Exposure
West

Exterior & services

Construction
Stone, Brick
Garage
Detached
Parking spaces
2
Sewer
Sewer

Costs

List price
$549,000
Property taxes
$3,668 / year (2025)
Price per sq ft
$366
Rental items
Hot Water Tank ( if rental )

Listing

MLS® number
X13005194
Status
For sale
Listed
April 16, 2026
Days on market
203
Last updated
April 16, 2026
Listing brokerage
RE/MAX REALTY SERVICES INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 44% of comparable detached listings in Gibson are asking less.

$419KMedian $570K$868K
This home
$366 / sq ft
Comparable median
$445 / sq ft

Based on 25 comparable active detached listings in Gibson. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.4% · minimum $29,900
$29,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,870.19
Property tax (est.)
$305.67
Estimated monthly
$3,176

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$7,455
Total due on closing
$7,455

An estimate on the asking price of $549,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX REALTY SERVICES INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$549,000

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