193 BURRIS STREET

St. Clair Hamilton (St. Clair) L8M 2J7

193 Burris St, Hamilton - 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, where nearby homes have sold well above $750,000 - including 197 Burris next door, which sold for $769,000. The result is an investment that combines solid room-level income today with meaningful upside and long-term exit optionality. (id:2493)