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198 Berko Avenue Hamilton (Lawfield), Ontario L8V 2R5

5 Bedroom 2 Bathroom 700 - 1100 sqft
Bungalow Central Air Conditioning Forced Air

$784,900

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:41954)

Property Details

MLS® Number X12369556
Property Type Multi-family
Community Name Lawfield
Features In-law Suite
Parking Space Total 4

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 2
Bedrooms Total 5
Age 51 To 99 Years
Appliances All
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Stone
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 700 - 1100 Sqft
Type Duplex
Utility Water Municipal Water

Parking

Carport
No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 114 Ft ,6 In
Size Frontage 44 Ft
Size Irregular 44 X 114.5 Ft
Size Total Text 44 X 114.5 Ft
Zoning Description R1

Rooms

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

https://www.realtor.ca/real-estate/28789158/198-berko-avenue-hamilton-lawfield-lawfield

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