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For saleNew listingMLS® X14149678

531 Upper Sherman Avenue, Hamilton, ON L8V 3L9

Raleigh · L8V 3L9

$499,000

$713 / sq ft

Listed today

Bedrooms
2+1
Bathrooms
2
Interior
700 sf
Parking
3
Lot
41.5 × 93.37 ft
Age
51-99 years

What's special

  • 3 parking spaces
  • Central air
  • Basement apartment
  • Guest accommodations
  • In-law suite
  • Primary bedroom - main floor
  • Water heater

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About this property

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.

Rooms

8 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
KitchenMain3.35 × 2.70 m11.0 × 8.9 ftEat-in Kitchen
Living RoomMain5.59 × 3.35 m18.3 × 11.0 ftCombined w/Dining
Primary BedroomMain3.84 × 2.74 m12.6 × 9.0 ft—
BedroomMain2.95 × 2.51 m9.7 × 8.2 ft—
KitchenBasement3.15 × 2.74 m10.3 × 9.0 ft—
Living RoomBasement3.15 × 2.74 m10.3 × 9.0 ft—
Dining RoomBasement3.15 × 2.74 m10.3 × 9.0 ft—
RoomBasement2.67 × 3.68 m8.8 × 12.1 ft—

Features

  • Guest Accommodations
  • In-Law Suite
  • Primary Bedroom - Main Floor
  • Water Heater

Property details

Property

Property type
detached
Bedrooms
2 + 1
Bathrooms
2
Interior size
700 sq ft
Year built
51-99
Lot size
41.5 × 93.37 ft
Zoning
R1
Possession
Flexible

Interior

Basement
Apartment, Finished, Separate Entrance
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
East

Exterior & services

Construction
Brick
Parking spaces
3
Sewer
Sewer

Costs

List price
$499,000
Property taxes
$3,492 / year (2026)
Price per sq ft
$713
Rental items
Hot water heater

Listing

MLS® number
X14149678
Status
For sale
Listed
November 4, 2026
Last updated
November 4, 2026
Listing brokerage
RE/MAX ESCARPMENT REALTY 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 below most comparable listings — about 0% of comparable detached listings in Raleigh are asking less.

$500KMedian $580K$670K
This home
$713 / sq ft
Comparable median
$713 / sq ft

Based on 9 comparable active detached listings in Raleigh. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $24,950
$24,950
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,621.10
Property tax (est.)
$291.00
Estimated monthly
$2,912

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
$6,455
Total due on closing
$6,455

An estimate on the asking price of $499,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX ESCARPMENT REALTY 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.

$499,000

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