Residential Income in Hamilton (St. Clair)

CA$580,000

193 Burris, L8M2J7, Hamilton (St. Clair), ON

Residential Income for sale in Hamilton (St. Clair), 193 Burris, L8M2J7, 1100 m²

193 Burris, L8M2J7, Hamilton (St. Clair), ON

CA$580,000

4Bed
2Bath
1100
Type: Residential Income

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. (id:55532)

Location

193 Burris, L8M2J7, Hamilton (St. Clair), ON

Data

Object TypeResidential Income
Purchase PriceCA$580,000
Living Space1100 m²
Plot SizeN/A
Bathrooms2
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction YearN/A
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

R

Real Estate Agent