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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$784,900
Available - For Sale
Listing ID: X12369556
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: $5,060.33
Occupancy by: Tenant
Address: 198 Berko Aven , Hamilton, L8V 2R5, Hamilton
Directions/Cross Streets: Berko and Baroche St
Rooms: 9
Bedrooms: 3
Bedrooms +: 2
Washrooms: 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
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Basement
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Basement
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Basement
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Main
Washroom 17:  4 Basement
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
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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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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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.

198 Berko Aven , Hamilton, L8V 2R5, Hamilton

Personal Picture
Maria Tompson
Sales Representative
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
Lot Size: x 114.54(Feet)
Approximate Age: 51-99
Tax: $5,060.33
Maintenance Fee: $0
Beds: 3+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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