193 Burris Street, Hamilton (St. Clair), Ontario, L8M2J7



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$580,000
Hamilton
This multi-family property in Hamilton is for sale offering roughly 1,300 sq ft of space.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 124 days on market, against an average age of 50 days across the listings currently for sale in this city
This 4-bed multi-family in Hamilton (St. Clair) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $580,000, about 9.5× the local median household income of $61,200.
Carrying it typically needs a household income of about $113,294 (20% down, 25-yr amortization, stress-tested) — roughly 85% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8M)
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Loading rates, 30-yr amortization
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