198 Berko Avenue Hamilton, Ontario L8V 2R5
$799,900
two family investment property on the highly sought after East HamiltonMountain! Completely redone/built-out in 2023, 198 Berko Avenue offers a 3+2bedroom suite mix (with 1 full bath per) generating $4665 in monthly gross rentswith all utilities passed on to the AAA tenants! Furthermore, property featuresinclude large floor-plans (with enclosed porch), generous 44x114 lot, ampleparking, separate hydro meters and operating at a true 5.5% cap rate. Yieldcalculation includes a 20% down payment, 30 year amortization, at a 4.5% interestrate with 8% in monthly contingencies (3% vacancy, 5% maintenance) whilemaintaining a few hundred dollars in positive cash-flow. A safe investment in apremier rental area across the street from green space with shopping and highwayaccess nearby! Legal basement suite professionally converted by 555 ConstructionManagement Inc & managed by local Property Management Company- Total PropertySolutions. A very complete and sound investment opportunity! (id:61852)
Property Details
| MLS® Number | X12258500 |
| Property Type | Single Family |
| Neigbourhood | Lawfield |
| Community Name | Lawfield |
| Features | In-law Suite |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 5 |
| Age | 51 To 99 Years |
| Appliances | Dishwasher, Dryer, Hood Fan, Two Stoves, Two Washers, Two Refrigerators |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Stone |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Carport | |
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 114 Ft ,6 In |
| SizeFrontage | 44 Ft |
| SizeIrregular | 44 X 114.5 Ft |
| SizeTotalText | 44 X 114.5 Ft |
| ZoningDescription | C |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bathroom | 1 m | 1 m | 1 m x 1 m |
| Basement | Kitchen | 1 m | 1 m | 1 m x 1 m |
| Basement | Living Room | 1 m | 1 m | 1 m x 1 m |
| Basement | Bedroom | 1 m | 1 m | 1 m x 1 m |
| Basement | Bedroom | 1 m | 1 m | 1 m x 1 m |
| Main Level | Bedroom | 1 m | 1 m | 1 m x 1 m |
| Main Level | Bathroom | 1 m | 1 m | 1 m x 1 m |
| Main Level | Kitchen | 1 m | 1 m | 1 m x 1 m |
| Main Level | Living Room | 1 m | 1 m | 1 m x 1 m |
| Main Level | Bedroom | 1 m | 1 m | 1 m x 1 m |
| Main Level | Bedroom | 1 m | 1 m | 1 m x 1 m |
https://www.realtor.ca/real-estate/28550057/198-berko-avenue-hamilton-lawfield-lawfield
Interested?
Contact us for more information
Abdellah Majd
Salesperson
69 John St South Unit 400a
Hamilton, Ontario L8N 2B9
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July 03 2025 01:55:17
Toronto Real Estate Board
Revel Realty Inc.
