198 Berko Avenue
CA$799,900
For Sale
5
2
700-1100
Detached
Details
Overview
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!
This detached home located at 198 Berko Avenue, Hamilton, ON L8V 2R5 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$800K. It has 5 beds, 2 bathrooms, and is 700-1100 square feet. The property is N/A years old. 198 Berko Avenue, Hamilton, ON L8V 2R5 is in Hamilton neighborhood Lawfield.
Fees
Inside
Building
Land
Parking
Metadata
Rooms
| Bedroom | Main | 1 x 1 | |
| Bedroom | Main | 1 x 1 | |
| Bedroom | Basement | 1 x 1 | |
| Living Room | Basement | 1 x 1 | |
| Bathroom | Main | 1 x 1 | 4 Pc Bath |
| Living Room | Main | 1 x 1 | |
| Kitchen | Main | 1 x 1 | |
| Bathroom | Basement | 1 x 1 | 4 Pc Ensuite |
| Bedroom | Basement | 1 x 1 | |
| Bedroom | Main | 1 x 1 | |
| Kitchen | Basement | 1 x 1 |