6 hours on Market

198 Berko Ave, Hamilton, Ontario L8V 2R5

Detached
3 + 2
2
~700-1100 sqft
$799,900
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Detached
3 + 2
2
~700-1100 sqft

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Highlights

Property Estimate

Days on market6 hours

Estimated valueNot available

Price/Sqft$935/sqft

Monthly cost

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CMA Subject Property

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+4

Properties sold*

$748K

Median sold price*

*Based on last 30 days

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!


Property Details

StyleBungalow
View-
Age of property51-99
SqFt~700-1100 SqFt
Lot Size5,040 SqFt(114.54 x 44.01)
Parking Spaces4
MLS ®NumberX12258500
Community NameLawfield
Data SourceTRREB
Listing byREVEL REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Finished

Main Floor

Br

1.0 x 1.0

Br

1.0 x 1.0

Bathroom

1.0 x 1.0

4 Pc Bath

Kitchen

1.0 x 1.0


Features

Lot size: 5,040 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Market Data - Lawfield

Geo Zone Map ThumbnailLawfield

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2024

61 days

2023

23 days

2022

8 days

New Listings

Past 30 days

5 listings

Compared to

2024

3 listings

2023

0 listing

2022

4 listings

Units sold

Past 30 days

4 units

Compared to

2024

4 units

2023

1 unit

2022

2 units

Median Sold Price

Past 30 days

$690,000

Compared to

2024

$748,000

2023

$685,000

2022

$850,450


Population and Demographics

Overview

Total population 3350
Average household income $106,310

Age (%)

0 to 19
20%
20 to 34
18%
35 to 49
17%
50 to 64
19%
65 and plus
25%

Household composition (%)

Single family
65%
Single person
30%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
79%
Arabic
4%
Italian
3%
Others
2%
Tagalog (Pilipino, Filipino)
2%
Spanish
2%
Portuguese
2%
Assyrian Neo-Aramaic
1%

House tenancy (%)

Owners
63%
Renters
37%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget