193 Burris Street, Hamilton, ON L8M 2J7

Listing courtesy of EXP REALTY.

$580,000
4
BD
2
BA
1,100
SqFt

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List Price
$580,000
Price Change
▼ $120,000 1786575399
MLS®
X13517426
Days on Market
94
Status
ACTIVE
Type
Multifamily
Subtype
Duplex
Bedrooms
4
Bathrooms
2
Living Area
1,100
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.

Additional Information

Subdivision
Burris Street & Cumberland Ave.
Parking Spaces
1
Country
CA
Sewer
Sewer
Roof
Asphalt Shingle

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Calculator source: Real Geeks