Size
-
Lot size
-
Street frontage
-
Possession
2025-08-01
Price per sqft
$727 - $1,143
Taxes
$5,060 (2025)
Parking Type
-
Style
Bungalow
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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 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 apremier rental area across the street from green space with shopping and highway access 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!
Broker: REVEL REALTY INC.
MLS®#: X12258500
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
Bungalow
MLS Size:
700-1100 sqft
Lot front:
44 Ft
Lot depth:
114 Ft
Listed on:
Jul 3, 2025
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Rooms
| Level | Name | Size | Features |
|---|---|---|---|
Main | Kitchen | 3.3 x 3.3 ft | |
Main | Bathroom | 3.3 x 3.3 ft | |
Basement | Bedroom | 3.3 x 3.3 ft |
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Instant estimate:
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$20,700
lower than listed pricei
High
$814,268
Mid
$779,200
Low
$743,099
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