Prashanth Prabakaran

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198 BERKO AVENUE, Hamilton, Ontario

$799,900

5 Beds
2 Baths

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! (id:50212)

Listing ID: X12258500
Property Type: Single 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
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: C

Building

Appliances: Dishwasher, Dryer, Hood Fan, Two stoves, Two Washers, Two Refrigerators
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 2
Construction Style Attachment: Detached
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: House
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 July 3rd, 2025. Contact Prashanth Prabakaran to schedule a viewing or to discover other Hamilton homes for sale.

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