198 Berko Ave
Lawfield, Hamilton
$784,900
Buy with Dwelly and Save $7,849
Home Details
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Listing 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. Rents well above market value due to management
All appliances
City: Hamilton
Neighborhood: Lawfield
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jul 3, 2025 | 56 | $799,900 | N/A | Terminated | X12258500 |
Rooms
Room dimensions for 198 Berko Ave, Hamilton
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 198 Berko Ave is 4291
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $784900 |
| Down Payment | $156980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $627920 |
Monthly Payment
| Mortgage Payment | $3869 |
| Property Taxes | $422 |
| Maintenance Fees | $0 |
| Monthly Payment | $4291 |
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 $784,900 on Thu Aug 28 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#: X12369556 · $784,900 · 3 bedroom house in Lawfield, Hamilton