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193 BURRIS STREET, Hamilton (St. Clair) — listed at $580,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,275, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is this a good starter home?+
At $580,000, this is priced in starter-home territory for Hamilton (St. Clair). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 1 space — No Garage.
Does it have a basement, and is it finished?+
The listing describes the basement as: Walk-up, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
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