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For Sale
$700,000
MLS® X13517426
193 BURRIS STREET
Hamilton (St. Clair), Ontario, L8M2J7
- Beds / Baths
- 4 bed · 2 bath
- Property type
- Multi-family
- Building
- Duplex
- Lot size
- 20.2 x 100 FT
- Parking
- 1
Property facts
- Beds / Baths
- 4 bed · 2 bath
- Property type
- Multi-family
- Building
- Duplex
- Transaction
- For Sale
- Lot size
- 20.2 x 100 FT
- Parking
- 1
About this property
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. (id:53361)