1 / 18193 BURRIS STREET
Hamilton (St. Clair), Ontario, L8M2J7
$700,000
Bedrooms
4
Bathrooms
2
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:66779)
Details
- Sewer
- Sanitary sewer
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- List aor
- Toronto
- Stories
- 2.5
- Tax year
- 2,026
- Basement
- Walk-up, N/A
- Directions
- Cross Streets: Burris Street & Cumberland Ave. ** Directions: On Burris Street, north of Cumberland Ave.
- Fireplace
- No
- Lot features
- Lane
- Water source
- Municipal water
- Structure type
- Duplex
- Parking features
- No Garage
- Tax annual amount
- 3,275
- Exterior features
- Brick Veneer
- Lot size dimensions
- 20.2 x 100 FT
- Bedrooms above grade
- 3
- Bedrooms below grade
- 1
- Property attached
- Yes
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