901 Victoria St N Kitchener, ON

198 Berko Avenue, Hamilton, Ontario L8V 2R5 (28789007)

198 Berko Avenue Hamilton, Ontario L8V 2R5

5 Bedroom 2 Bathroom 1,850 ft2
Central Air Conditioning Forced Air

$784,900

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:50976)

Property Details

MLS® Number 40764502
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Schools
Community Features School Bus
Parking Space Total 4

Building

Bathroom Total 2
Bedrooms Total 5
Appliances Microwave Built-in
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Brick Veneer, Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1,850 Ft2
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Place Of Worship, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 115 Ft
Size Frontage 44 Ft
Size Total Text Under 1/2 Acre
Zoning Description C

https://www.realtor.ca/real-estate/28789007/198-berko-avenue-hamilton

Contact Us

Contact us for more information

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Abdellah Majd
Salesperson

(905) 921-6253
Revel Realty Inc.
69 John Street S. Unit 400a
Hamilton, Ontario L8N 2B9

(905) 592-0990
revelrealty.ca/

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August 29 2025 02:21:33

REALTORS® Association of Hamilton-Burlington

Revel Realty Inc.

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Contact

Toll Free: 800-817-3018
Phone: 519-746-5136
Fax: 877-460-3859

Email

sold@cindycody.ca

Address

Re/Max Twin City Realty Inc.
901 Victoria St N
Kitchener, ON

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.