Allan-John Boulanger

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198 BERKO AVENUE, Hamilton, Ontario

$784,900

5 Beds
2 Baths

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:23309)

Listing ID: X12369556
Property Type: Multi-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
Parking Spaces: 4
Transaction: For sale
Zoning Description: R1

Building

Appliances: All
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 2
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: Duplex
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 August 29th, 2025. Contact Allan-John Boulanger to schedule a viewing or to discover other Hamilton real estate for sale.

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