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! |
Price | $799,900 |
Taxes: | $5060.00 |
Assessment Year: | 2025 |
Occupancy: | Owner |
Address: | 198 Berko Aven , Hamilton, L8V 2R5, Hamilton |
Directions/Cross Streets: | Berko and Baroche St |
Rooms: | 9 |
Bedrooms: | 3 |
Bedrooms +: | 2 |
Family Room: | F |
Basement: | Full, Finished |
Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
Room 1 | Main | Bedroom | 3.28 | 3.28 | |
Room 2 | Main | Bathroom | 3.28 | 3.28 | 4 Pc Bath |
Room 3 | Main | Kitchen | 3.28 | 3.28 | |
Room 4 | Main | Living Ro | 3.28 | 3.28 | |
Room 5 | Main | Bedroom | 3.28 | 3.28 | |
Room 6 | Main | Bedroom | 3.28 | 3.28 | |
Room 7 | Basement | Kitchen | 3.28 | 3.28 | |
Room 8 | Basement | Living Ro | 3.28 | 3.28 | |
Room 9 | Basement | Bedroom | 3.28 | 3.28 | |
Room 10 | Basement | Bedroom | 3.28 | 3.28 | |
Room 11 | Basement | Bathroom | 3.28 | 3.28 | 4 Pc Ensuite |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 4 | Main |
Washroom Type 2 | 4 | Basement |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 |
Total Area: | 0.00 |
Approximatly Age: | 51-99 |
Property Type: | Detached |
Style: | Bungalow |
Exterior: | Brick, Stone |
Garage Type: | Carport |
Drive Parking Spaces: | 4 |
Pool: | None |
Approximatly Age: | 51-99 |
Approximatly Square Footage: | 700-1100 |
CAC Included: | N |
Water Included: | N |
Cabel TV Included: | N |
Common Elements Included: | N |
Heat Included: | N |
Parking Included: | N |
Condo Tax Included: | N |
Building Insurance Included: | N |
Fireplace/Stove: | N |
Heat Type: | Forced Air |
Central Air Conditioning: | Central Air |
Central Vac: | N |
Laundry Level: | Syste |
Ensuite Laundry: | F |
Sewers: | Sewer |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
REVEL REALTY INC. |
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Type: | Freehold - Detached |
Area: | Hamilton |
Municipality: | Hamilton |
Neighbourhood: | Lawfield |
Style: | Bungalow |
Approximate Age: | 51-99 |
Tax: | $5,060 |
Beds: | 3+2 |
Baths: | 2 |
Fireplace: | N |
Pool: | None |