$784,900
Available - For Sale
Listing ID: X12369556
198 Berko Aven , Hamilton, L8V 2R5, Hamilton
| 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 |
| Price | $784,900 |
| Taxes: | $5060.33 |
| Occupancy: | Tenant |
| 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 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Basement |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 4 | Basement |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Main |
| Washroom Type 17 | 4 | Basement |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | Main |
| Washroom Type 22 | 4 | Basement |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Duplex |
| 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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| 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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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Lawfield |
| Style: | Bungalow |
| Approximate Age: | 51-99 |
| Tax: | $5,060.33 |
| Beds: | 3+2 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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