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198 BERKO AVENUE, Hamilton, Ontario

$784,900

5 Beds
2 Baths

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 well above market value due to management (id:23309)

Listing ID: X12369556
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Bathroom	Basement	1 m x 1 m
Kitchen	Basement	1 m x 1 m
Living room	Basement	1 m x 1 m
Bedroom	Basement	1 m x 1 m
Bedroom	Basement	1 m x 1 m
Bedroom	Main level	1 m x 1 m
Bathroom	Main level	1 m x 1 m
Kitchen	Main level	1 m x 1 m
Living room	Main level	1 m x 1 m
Bedroom	Main level	1 m x 1 m
Bedroom	Main level	1 m x 1 m

Details

Architectural Style: Bungalow
Features: In-Law Suite
Parking Spaces: 4
Transaction: For sale
Zoning Description: R1

Building

Appliances: All
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 2
Cooling: Central air conditioning
Exterior Finish: Brick, Stone
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 700 - 1100 sqft
Stories Total: 1
Type: Duplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 44 ft
Size Irregular: 44 x 114.5 FT

Listing provided by REVEL REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 198 BERKO AVENUE in Hamilton Ontario. It was last modified on August 29th, 2025. Contact the Lausic Team to schedule a viewing or to discover other Hamilton real estate for sale.

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