Search Result
198 Berko Avenue
Hamilton
L8V 2R5
$784,900
Residential Freehold
beds: 3+2
baths: 2.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12369556
- Bedrooms:
- 3+2
- Bathrooms:
- 2
- Photos (38)
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LEGAL two family investment property on the highly sought after East Hamilton Mountain! Completely redone/built-out in 2023, 198 Berko Avenue offers a 3+2 bedroom suite mix (with 1 full bath per) generating $4665 in monthly gross rents with all utilities passed on to the AAA tenants! Furthermore, property features include large floor-plans (with enclosed porch), generous 44x114 lot, ample parking, separate hydro meters and operating at a true 5.5% cap rate. Yield calculation includes a 20% down payment, 30 year amortization, at a 4.5% interest rate with 8% in monthly contingencies (3% vacancy, 5% maintenance) while maintaining a few hundred dollars in positive cash-flow. A safe investment in a premier rental area across the street from green space with shopping and highway access nearby! Legal basement suite professionally converted by 555 Construction Management Inc & managed by local Property Management Company- Total Property Solutions. A very complete and sound investment opportunity. Rents well above market value due to management
- Property Type:
- Residential Freehold
- Property Sub Type:
- Duplex
- Home Style:
- Bungalow
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 700-1100
- Depth:
- 114'6½"
- Frontage:
- 44'⅛"
- Direction Faces:
- North
- Bedrooms:
- 3+2
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Kitchens:
- 2
- Kitchens in Basement:
- 1
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 9
- Zoning:
- R1
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Concrete Block
- Roof:
- Asphalt Shingle
- Basement:
- Full, Finished
- Fireplace/Stove:
- No
- Garage:
- Carport
- Garage Spaces:
- 0.0
- Parking Spaces:
- 4
- Total Parking Spaces:
- 4.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $5,060.33 / 2025
- Assessment:
- $- / -
- Hamilton
- Lawfield
- Hamilton
- In-Law Suite
- none
- All appliances
- Tenant belongings
- Brick, Stone
- Floor
- Type
- Size
- Other
- Main
- Bedroom
- 3'3" × 3'3"
- Main
- Kitchen
- 3'3" × 3'3"
- Main
- Living Room
- 3'3" × 3'3"
- Main
- Bedroom
- 3'3" × 3'3"
- Main
- Bedroom
- 3'3" × 3'3"
- Basement
- Kitchen
- 3'3" × 3'3"
- Basement
- Living Room
- 3'3" × 3'3"
- Basement
- Bedroom
- 3'3" × 3'3"
- Basement
- Bedroom
- 3'3" × 3'3"
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- 4
- 3'3" x 3'3" 4 Pc Bath
- Basement
- Yes
- 4
- 3'3" x 3'3" 4 Pc Ensuite
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Ensuite Laundry:
- No
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Listed by REVEL REALTY INC.
Data was last updated August 29, 2025 at 06:15 PM (UTC)
Area Statistics
- Listings on market:
- 27
- Avg list price:
- $790,000
- Min list price:
- $399,000
- Max list price:
- $1,499,000
- Avg days on market:
- 43
- Min days on market:
- 0
- Max days on market:
- 204
These statistics are generated based on the current listing's property type
and located in
Hamilton. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- iDream Realty
- 6705 Tomken Rd #216, Mississauga, ON L5T 2J6, Canada
- 905-232-6301
- Contact by Email
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