$784,400 Sold Price
$784,900Asking Price
198 Berko Avenue, Hamilton, ON L8V 2R5
Lawfield, Hamilton
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
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
See MoreKey Info
- Bungalow Duplex
- 4 Parking
- Carport
- Berko and Baroche St
- 700-1100 Approximate Sq Feet
- 51-99 Years Approximate Age
- No Ensuite Laundry
- Forced Air Gas Heating
- Central Air
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $5,060 in 2025
- Possession: Flexible
Details
- Brick/Stone Exterior
- No Fireplace
- 2 + 1 Kitchens
- MLS #X12369556
- REVEL REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Bathroom | Main | 3.28' x 3.28' | 4-PieceBath |
| 2 | Kitchen | Main | 3.28' x 3.28' | |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
Who lives here?
Lawfield, Hamilton is a west GTA neighbourhood notable for its singles, salespeople and tradespeople. It has a higher than average population of immigrants. Residents tend to be older with a significant number of youth aged 15 to 19 and seniors aged 65 to 79 and 65 to 79.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Singles
47%
of residents are
single and loving it.
47% singles
Hamilton (46%)Renters
30%
of residents
are renters.
30% renters
Hamilton (32%)Education
15%
of residents are
university grads.
15% university grads
Hamilton (28%)Income
Average Household Income
$94K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 16% |
| Trades | 10% |
| Business | 7% |
| Government | 5% |
| Health | 5% |
Immigrants
25%
of residents were
born outside of Canada.
25% immigrants
Hamilton (25%)Birthplace - All
3.0% from Iraq
All-time
Birthplace - Recent
0.1% from Cuba
Recent
Foreign Languages
Foreign Languages
| Arabic | 4% |
| Italian | 3% |
| Tagalog | 3% |
| Spanish | 2% |
| Portuguese | 1% |
Religions
Religions
| Christian | 64% |
| Muslim | 8% |
| Hindu | 2% |
