$799,900Asking Price
198 Berko Avenue, Hamilton, ON L8V 2R5
Lawfield, Hamilton
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!
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!
See MoreKey Info
- Bungalow Detached
- 4-Car Driveway
- 0-Car Carport
- Berko and Baroche St
- 700-1100 Approximate Sq Feet
- 51-99 Years Approximate Age
- Basement: Full, Finished
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 44.01 x 114.54 Feet
- Brick/Stone Exterior
- Taxes were $5,060 in 2025
- Possession: flexible
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X12258500
- 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 | |||
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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% |
