193 Burris Street, Hamilton, ON L8M 2J7
Listing courtesy of EXP REALTY.
- $700,000
- 4
- BD
- 2
- BA
- 1,100
- SqFt
- List Price
- $700,000
- Status
- ACTIVE
- Days on Market
- 27
- MLS® #
- X13517426
- Subtype
- Residential Freehold
- Style
- 2 1/2 Storey
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,100
- Subdivision
- Burris Street & Cumberland Ave.
- Neighborhood
- St. Clair
- MLS Area Major
- Hamilton
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/haltonregionhomesearch/LW-Logo-White.png){kind=logo}
Additional Information
- Interior Features
- None
- Taxes
- $3,275
- Property Description
- 2 1/2 Storey
- Exterior Features
- Brick Veneer
- Roof
- Asphalt Shingle
- Foundation
- Not Applicable