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198 Berko AVE Hamilton, ON L8V 2R5
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Lawfield
MLS Listing ID X12258500
Style Bungalow
Bedrooms 5
Building Age 51-99
Annual Tax Amount $5,060
Tax Year 2025
Property Sub-Type Detached
Property Description
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!
Location
Province ON
County Hamilton
Community Lawfield
Area Hamilton
Rooms
Family Room No
Basement Full, Finished
Kitchen 2
Separate Den/Office 2
Interior
Interior Features In-Law Suite
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 44.01
Lot Depth 114.54
Total Parking Spaces 4
Building
Foundation Concrete Block
Others
Virtual Tour https://show.tours/fTy0Wgwx2bdSehjkBswK
Listed by REVEL REALTY INC.