198 Berko Avenue

Hamilton, ON L8V 2R5 ( Lawfield)

Quick Facts

Type: Duplex

Style: Bungalow

Size: Sq Ft

Age: Years

Taxes: $ 5,060 ( 2025)

Updated: 2025-09-01 12:51:36

Description

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

Extras

Duplex

Property

Status: For Sale

MLS #: X12369556

Price: $ 784,900

Address: 198 Berko Avenue

Type:

Style: Bungalow

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 5,060

Tax Year: 2025

Lot Size:

Neighbourhood: Lawfield

Nearest Intersection: Berko and Baroche St

City: Hamilton

Postal Code: L8V 2R5

DOM: 2 Days

Last Update: 2025-09-01 12:51:36

 

Building

Interior

Bedrooms: 5

Bathrooms: 2

Rooms: 0

Kitchens: 2

Family Room:

Fireplace:

Basement: Full Finished,

Central Vacuum:

 

Exterior

Exterior: Brick Stone,

Driveway:

Garage:

Garage Spaces:

Parking Spaces: 4.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms