We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss
Home
/
ON
/
Greater Hamilton
/
Hamilton
/
Old Hamilton
/
Lawfield
198 BERKO AVENUE
Directions Print
More Photos + 31
198 BERKO AVENUE $799,900
$799,900
Hide
Favourite

198 BERKO AVENUE
Hamilton (Lawfield), Ontario L8V2R5

MLS® Number: X12258500
3 + 2
Bedrooms
2
Bathrooms
700 - 1100
Square Feet

Listing 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 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 apremier rental area across the street from green space with shopping and highway access 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! (40808557)

Location Description

Berko and Baroche St

Property Summary

Property Type
Single Family
Building Type
House
Storeys
1
Square Footage
700 - 1100 sqft
Community Name
Lawfield
Title
Freehold
Land Size
44 x 114.5 FT
Age Of Building
51 to 99 years
Annual Property Taxes
$5,060
Parking Type
Carport, No Garage
Time on REALTOR.ca
30 days

Building

Bedrooms
Above Grade
3
Below Grade
2
Bathrooms
Total
2
Interior Features
Appliances Included
Dishwasher, Dryer, Hood Fan, Two stoves, Two Washers, Two Refrigerators
Basement Type
Full (Finished)
Building Features
Features
In-Law Suite
Foundation Type
Block
Style
Detached
Architecture Style
Bungalow
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Stone
Parking
Parking Type
Carport, No Garage
Total Parking Spaces
4

Measurements

Square Footage
700 - 1100 sqft

Rooms

MetricImperial
Main level
Bedroom
Bathroom
Kitchen
Living room
Bedroom
Bedroom
Basement
Bathroom
Kitchen
Living room
Bedroom
Bedroom

Land

Lot Features
Frontage
44 ft
Land Depth
114 ft ,6 in
Other Property Information
Zoning Description
R1
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
ABDELLAH MAJD
Salesperson
905-592-0990
Email
Book showing
REVEL REALTY INC.
Brokerage
69 JOHN ST SOUTH UNIT 400A
HAMILTON, Ontario L8N2B9
905-592-0990
905-357-1705

Similar Listings

ABDELLAH MAJD