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Chuck Bennett

info@nelsonproperty.com +1(778) 671-0969

$ 784,900

Est. payment -/mo

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198 BERKO Avenue Hamilton, ON L8V2R5

5 Beds

2 Baths

1,850 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,850 sqft

Price per Sqft $424

Subdivision 183 - Lawfield

MLS® Listing ID 40764500

Style Bungalow

Bedrooms 5

Year Built 1964

Property Sub-Type Freehold

Source Cornerstone Association of Realtors

Property Description

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 are well above market value due to management (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 1'0'' x 1'0'' Living room

Extra Room 2 Basement 1'0'' x 1'0'' Bedroom

Extra Room 3 Basement 1'0'' x 1'0'' Bedroom

Extra Room 4 Basement 1'0'' x 1'0'' 4pc Bathroom

Extra Room 5 Basement 1'0'' x 1'0'' Kitchen

Extra Room 6 Main level 1'0'' x 1'0'' Bedroom

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features No

Community Features School Bus

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Architectural Style Bungalow

Others

Ownership Freehold

Listed by Revel Realty Inc.

Chuck Bennett

Managing Broker

+1(778) 671-0969

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Homes For Sale in Nelson, BC

Chuck Bennett

198 BERKO Avenue Hamilton, ON L8V2R5

Key Details

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Rooms

Interior

Exterior

Building

Others

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198 BERKO Avenue