193 Burris Street, Hamilton, ON L8M 2J7
- $580,000
- 4
- BD
- 2
- BA
- 1,100
- SqFt
- List Price
- $580,000
- Price Change
- ▼ $120,000 1786575399
- MLS#
- X13517426
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Duplex
- Style
- 2 1/2 Storey
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1100-1500
- Province
- ON
- Municipality
- Hamilton
- Area
- Hamilton
- Neighborhood
- St. Clair
- Subdivision
- Burris Street & Cumberland Ave.
Property Description
193 Burris St, Hamilton is an Investment Property (Duplex + Rooms). A two-hydro-meter property configured as a 2-bedroom main-floor-plus-basement unit and a four-room upper unit, currently 100% occupied and generating $36,031 in NOI from strong in-place room income. The real opportunity is the immediate value-add: four of the five doors rent month-to-month, allowing rents to be reset to market on standard notice. Underpinning that cash flow is genuine land value in one of Hamilton's most sought-after, appreciating pockets. The result is an investment that combines solid room-level income today with meaningful upside and long-term exit optionality.
/u.realgeeks.media/homesfound/Mark_Risi_600x800.png)
Additional Information
- Taxes
- $3,275
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Family Room
- Yes
- Kitchens
- 2
- Exterior
- Brick Veneer
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 1
- Parking Type
- Lane
Mortgage Calculator
Listing courtesy of EXP REALTY.