193 Burris Street
193 Burris Street in Hamilton - 4 bedroom, 2 bathroom. Listed at $700,000.
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.
Property Details
- Property Type: Mortgage
- Style: 2 1/2 Storey
- Square Footage: 1300 sqft
- Basement: Walk-Up
- Heating: Gas
- Cooling: Central Air
- Parking: 1 space
- Property Taxes: $3,275/yr
- Neighbourhood: St. Clair
- Postal Code: L8M 2J7
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