531 Upper Sherman Avenue, Hamilton, ON L8V 3L9
Raleigh, Hamilton · Near Upper Sherman & Fennell · View map
About this home
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.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 3
- Basement
- Apartment, Finished, Separate Entrance
- Lot size
- 41.5 x 93.4 ft
- Faces
- East
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 3
- Total parking
- 3
- Parking features
- Private
Taxes & other
- Property taxes
- $3,492/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Flexible
- Cross street
- Upper Sherman & Fennell
- Neighbourhood
- Raleigh
More
- Price per sq ft
- ~$554 (at 900 sq ft)
- MLS® number
- X14149678
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The home and its surroundings
- Guest Accommodations
- In-Law Suite
- Primary Bedroom - Main Floor
- Water Heater
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
531 Upper Sherman Avenue, Hamilton, ON L8V 3L9
Raleigh, Hamilton · Near Upper Sherman & Fennell
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Listing history for 531 Upper Sherman Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Similar bungalows nearby
More bungalow-style homes for sale near Raleigh, picked by style, size and price.
Bungalow$579,900551 Upper Sherman Avenue, Hamilton2+1 bed · 2 bath · RaleighCourtesy of: RE/MAX ESCARPMENT REALTY INC.View home →
Bungalow$589,899623 Upper Sherman Avenue, Hamilton2+3 bed · 2 bath · MacassaCourtesy of: ZUMIN REAL ESTATE CENTREView home →
Bungalow$499,90573 EAST 33RD Street, Hamilton2 bed · 1 bath · RaleighCourtesy of: RE/MAX ESCARPMENT REALTY INC.View home →
Bungalow$599,000184 East 35th Street, Hamilton3 bed · 2 bath · RaleighCourtesy of: ROYAL LEPAGE MACRO REALTYView home →
Bungalow$499,00065 Kenilworth Avenue S, Hamilton2+2 bed · 3 bath · BartonvilleCourtesy of: RE/MAX ESCARPMENT REALTY INC.View home →
Condo bungalow$529,90010 - 60 Rice Avenue, Hamilton2 bed · 2 bath · MountviewCourtesy of: REAL BROKER ONTARIO LTD.View home →
Bungalow$549,900199 West 33rd Street, Hamilton2 bed · 2 bath · WestcliffeCourtesy of: RIGHT AT HOME REALTYView home →
Bungalow$419,99935 Douglas Avenue, Hamilton2 bed · 1 bath · North EndCourtesy of: CENTURY 21 HERITAGE GROUP LTD.View home →Frequently asked questions about 531 Upper Sherman Avenue
Answers come straight from this home’s MLS® listing.
How much is 531 Upper Sherman Avenue listed for, and what would it cost each month?
531 Upper Sherman Avenue is listed for $499,000. With 20% down ($99,800), the mortgage payment would be roughly $2,013 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,304 a month, all in. That figure is an illustration, not a quote.
Is 531 Upper Sherman Avenue freehold or a condo, and is there a monthly fee?
531 Upper Sherman Avenue is a bungalow in Raleigh, Hamilton. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 531 Upper Sherman Avenue have?
531 Upper Sherman Avenue has 2 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.
Does 531 Upper Sherman Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
Does 531 Upper Sherman Avenue have a finished basement?
The listing describes the basement as apartment, finished, separate entrance. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 531 Upper Sherman Avenue?
531 Upper Sherman Avenue is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 531 Upper Sherman Avenue, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 41.5 x 93.4 ft.
How is 531 Upper Sherman Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 531 Upper Sherman Avenue?
Property taxes are $3,492 a year (2026), or about $291 a month.
Where is 531 Upper Sherman Avenue?
531 Upper Sherman Avenue is in the Raleigh community of Hamilton. The nearest main intersection is Upper Sherman & Fennell. The postal code is L8V 3L9.
Is 531 Upper Sherman Avenue still for sale?
Yes. It is an active listing (MLS® X14149678). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 531 Upper Sherman Avenue asking?
Similar bungalow-style homes for sale nearby right now include 551 Upper Sherman Avenue at $579,900 (2+1 bed), 623 Upper Sherman Avenue at $589,899 (2+3 bed) and 73 EAST 33RD Street at $499,905 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 531 Upper Sherman Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 531 Upper Sherman Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: RE/MAX ESCARPMENT REALTY INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.