$799,900
Available - For Sale
Listing ID: X12258500
198 Berko Aven , Hamilton, L8V 2R5, Hamilton
| 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 |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| REVEL REALTY INC. |
|
|
Hossein Vanishoja
Broker, ABR, SRS, P.Eng
Dir:
416-300-8000
Bus:
888-884-0105
Fax:
888-884-0106
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| 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 |
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