198 Berko Ave
Lawfield, Hamilton
$799,900
Buy with Dwelly and Save $7,999
Home Details
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Listing Description
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!
2 Fridge, 2 Stove, 2 Dishwasher, 2 Range Hood, 2 washer, 2 dryer
City: Hamilton
Neighborhood: Lawfield
Property History
Rooms
Room dimensions for 198 Berko Ave, Hamilton
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 198 Berko Ave is 4365
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $799900 |
| Down Payment | $159980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $639920 |
Monthly Payment
| Mortgage Payment | $3943 |
| Property Taxes | $422 |
| Maintenance Fees | $0 |
| Monthly Payment | $4365 |
Sold Comparables
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About 198 Berko Ave, Hamilton
Located at 198 Berko Ave , this Hamilton house is available for sale. This property was listed for $799,900 on Thu Jul 03 2025. This house's size is 700-1100 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Br, Bathroom, Kitchen, Living, Br, Br, Kitchen, Living, Br, Br, Bathroom. This property comes with 4 parking spots. 198 Berko Ave, Hamilton is situated in the Lawfield neighbourhood.
MLS#: X12258500 · $799,900 · 3 bedroom house in Lawfield, Hamilton