Address
198 Berko Avenue, Hamilton, ON
Price
$ 799,900

Your Agent

Leo Puskar

Salesperson

289-700-4471


Listing provided by Leo Puskar, Salesperson, REMAX Escarpment Realty, Inc.

Property Attributes
  • MLS#40747370
  • TypeSingle Family
  • Listing Status Active
  • CityHamilton
  • AreaHamilton Mountain
  • Neighbourhood183 - Lawfield
  • Postal CodeL8V 2R5
  • StyleBungalow
  • Year Built1964
  • Taxes$ 5060
  • Price$ 799,900
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1050
Data Source:
REALTORS® Association of Hamilton-Burlington (RAOHB)
Property Description

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

Elementary School High School
Lawfield Elementary School Sherwood High School
Price History
7/3/2025 Listed $799,900

General Features

Sewer Sewer (Municipal)
Heating Forced Air,Natural Gas
Cooling Central Air
Roof Asphalt Shing
Appliances Instant Hot Water,Dishwasher,Dryer,Range Hood,Refrigerator,Stove,Washer
Zoning C
Architectural Style Bungalow
Construction Materials Brick,Brick Veneer,Stone
Exclusions Tenant Belongings
Year Built 1964
Property Subtype Single Family Residence
County Hamilton
New Construction No
Property Type Residential
HOA No
Attached Garage No
Garage Y/N No
Total Rooms 11
Full Baths 2
Status Active
Directions South on Upper Gage from Mohawk Road East to Edwina Place,West on Edwina Place,follow the road to Berko Avenue,four doors in on north side
ModificationTimestamp 2025-07-05T01:55:27.237Z
High School Bishop Ryan,Sherwood
City Hamilton
Senior Community Y/N No
Open Parking Spaces 4
MLS Area 18 - Hamilton Mountain
Carport Y/N No
HOA Fee 2 Frequency Monthly
Elementary School Lawfield
Land Lease Y/N No
Tax Annual Amount 5060.33
Property Condition 51-99 Years
Lease Renewal Y/N No
MLS Area Minor 183 - Lawfield
Additional Parcels Y/N No
Building Area Units Square Feet
Standard Status Active

Interior Features

Interior Amenities Accessory Apartment
Basement Separate Entrance,Full,Finished
Kitchen Level Basement,Main
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 1050
Laundry Features In-Suite
Total Bedrooms 5
Below Grade Finished Area 800
Main Level Bedrooms 3
Main Level Bathrooms 1
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Source Owner
Above Grade Finished Area Unit Type Square Feet
Total Baths 2

Exterior Features

Lot Features Urban,Place of Worship,Public Transit,School Bus Route,Schools
Water Source Municipal
Total Parking 4
Inclusions Dishwasher,Dryer,Range Hood,Refrigerator,Stove,Washer,None,2 Fridge,2 Stove,2 Dishwasher,2 Range Hood,2 Washer/Dryers
Spa No
Building Area Total 1850
Lot Dimensions 44 x 114.54
Frontage Length 44.00
Frontage Type North
Waterfront Y/N No
Crops Included Y/N No
Horse Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in L8V 2R5

Price
AVG $800K
$800K
Taxes
AVG $5,060
$5,060
Year Built
AVG 1964
1964
Visits
AVG 277
7
Data Provided by Inside Real Estate®

Your Agent

Leo Puskar

Salesperson

289-700-4471


Listing provided by Leo Puskar, Salesperson, REMAX Escarpment Realty, Inc.

Listed By
Revel Realty Inc.