Address
198 Berko Avenue, Hamilton, ON
Price
$ 799,900
Property Attributes
- MLS#40747370
- TypeSingle Family
- Listing Status Active
- CityHamilton
- AreaHamilton Mountain
- Neighbourhood183 - Lawfield
- Postal CodeL8V 2R5
- StyleBungalow
- Year Built1964
- Taxes$ 5060
- Price$ 799,900
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1050
Data Source:
REALTORS® Association of Hamilton-Burlington (RAOHB)
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
| Elementary School | High School |
|---|---|
| Lawfield Elementary School | Sherwood High School |
| Price History | |
|---|---|
| 7/3/2025 | Listed $799,900 |
General Features
| Sewer | Sewer (Municipal) |
|---|---|
| Heating | Forced Air,Natural Gas |
| Cooling | Central Air |
| Roof | Asphalt Shing |
| Appliances | Instant Hot Water,Dishwasher,Dryer,Range Hood,Refrigerator,Stove,Washer |
| Zoning | C |
| Architectural Style | Bungalow |
| Construction Materials | Brick,Brick Veneer,Stone |
| Exclusions | Tenant Belongings |
| Year Built | 1964 |
| Property Subtype | Single Family Residence |
| County | Hamilton |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Garage Y/N | No |
| Total Rooms | 11 |
| Full Baths | 2 |
| Status | Active |
| Directions | South on Upper Gage from Mohawk Road East to Edwina Place,West on Edwina Place,follow the road to Berko Avenue,four doors in on north side |
| ModificationTimestamp | 2025-07-05T01:55:27.237Z |
| High School | Bishop Ryan,Sherwood |
| City | Hamilton |
| Senior Community Y/N | No |
| Open Parking Spaces | 4 |
| MLS Area | 18 - Hamilton Mountain |
| Carport Y/N | No |
| HOA Fee 2 Frequency | Monthly |
| Elementary School | Lawfield |
| Land Lease Y/N | No |
| Tax Annual Amount | 5060.33 |
| Property Condition | 51-99 Years |
| Lease Renewal Y/N | No |
| MLS Area Minor | 183 - Lawfield |
| Additional Parcels Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
Interior Features
| Interior Amenities | Accessory Apartment |
|---|---|
| Basement | Separate Entrance,Full,Finished |
| Kitchen Level | Basement,Main |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 1050 |
| Laundry Features | In-Suite |
| Total Bedrooms | 5 |
| Below Grade Finished Area | 800 |
| Main Level Bedrooms | 3 |
| Main Level Bathrooms | 1 |
| Below Grade Finished Area Unit Type | Square Feet |
| Above Grade Finished Area Source | Owner |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 2 |
Exterior Features
| Lot Features | Urban,Place of Worship,Public Transit,School Bus Route,Schools |
|---|---|
| Water Source | Municipal |
| Total Parking | 4 |
| Inclusions | Dishwasher,Dryer,Range Hood,Refrigerator,Stove,Washer,None,2 Fridge,2 Stove,2 Dishwasher,2 Range Hood,2 Washer/Dryers |
| Spa | No |
| Building Area Total | 1850 |
| Lot Dimensions | 44 x 114.54 |
| Frontage Length | 44.00 |
| Frontage Type | North |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L8V 2R5
Price
Taxes
Year Built
Visits
The information on this system is from sources deemed reliable, but should not be relied upon without independent verification. All data contained in the system is property of REALTORS ® Association of Hamilton-Burlington © 2018 or the originating source board/association.