198 Berko Avenue, Hamilton, Ontario

House for Sale in Hamilton

198 Berko Avenue, Hamilton, ON

  • CA$784,900
  • 3+2 BEDS
  • 2 BATHS
  • 1,850 sq.ft. Home

House for Sale in Hamilton

198 Berko Avenue, Hamilton, ON

  • CA$784,900
  • 3+2 BEDS
  • 2 BATHS
  • 1,850 sq.ft. Home

Key Facts

  • MLS® #: 40764500
  • Secondary MLS® #: X12369556
  • Property ID: SIRC2672769
  • Property Type: Residential, Single Family Detached
  • Living Space: 1,850 sq.ft.
  • Year Built: 1964
  • Bedrooms: 3+2
  • Bathrooms: 2
  • Parking Spaces: 4
  • Listed By:
  • Revel Realty Inc.

Property 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 are well above market value due to management

Rooms

  • TypeLevelDimensionsFlooring
  • KitchenMain0' 11.8" x 0' 11.8"Other
  • BedroomMain0' 11.8" x 0' 11.8"Other
  • Living roomMain0' 11.8" x 0' 11.8"Other
  • BedroomBasement0' 11.8" x 0' 11.8"Other
  • BathroomBasement0' 11.8" x 0' 11.8"Other
  • KitchenBasement0' 11.8" x 0' 11.8"Other
  • BathroomMain0' 11.8" x 0' 11.8"Other
  • Living roomBasement0' 11.8" x 0' 11.8"Other
  • BedroomBasement0' 11.8" x 0' 11.8"Other
  • BedroomMain0' 11.8" x 0' 11.8"Other
  • BedroomMain0' 11.8" x 0' 11.8"Other

Listing Agents

Revel Realty Inc.

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Location

198 Berko Avenue, Hamilton, Ontario, L8V 2R5 Canada

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