198 Berko Avenue
Hamilton (Lawfield), ON L8V 2R5
- 3+2Bedrooms
- 2Bathrooms
- 4Parking
- 700–1100Sq Ft
- $5,060Tax
- 44×115 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 198 Berko Avenue, Hamilton, Lawfield
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About 198 Berko Avenue, Hamilton, Lawfield
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
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,060
- Land Transfer Tax Fee
- $12,173
Rental Items
- Rental Equipment
- none
- Basement Type
- Full, Finished
Interior Features
- Interior Extras
- In-Law Suite
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- Bungalow
- Approx Age
- 51-99
Construction
- Exterior Finish
- Brick, Stone
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 44.01 ft
- Lot Depth
- 114.54 ft
- Lot Size
- 0.12
Inclusions
- Inclusions
- All appliances
Exclusions
- Exclusions
- Tenant belongings
Parking & Garages
- Garage Type
- Carport
- Garage Spaces
- 4
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 2
- Washrooms
- 2
- Kitchens
- 2
Room sizes
- Bedroom—Main level
- Kitchen—Basement level
- Living Room—Basement level
- Bedroom—Basement level
- Bedroom—Basement level
- Bathroom—Basement level, 4 Pc Ensuite
- Bedroom—Main level
- Bathroom—Main level, 4 Pc Bath
- Kitchen—Main level
- Living Room—Main level
- Bedroom—Main level
Washrooms
- 4-piece, Main
- 4-piece, Basement
- Municipality
- Hamilton
- Neighbourhood
- Lawfield
- Main cross streets
- Berko and Baroche St
- Zoning
- R1
- Directions
- South on Upper Gage from Mohawk Road East to Edwina Place, West on Edwina Place, follow the road to Berko Avenue, four doors in on north side
- MLS® number
- X12369556
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-10-02
- Listed on
- 2025-08-28
- Days on market
- 35 days
- Possession type
- Flexible
- Co-op commission
- 2% plus HST
- Seller
- Listed by
- REVEL REALTY INC.
Home Market Value
Current home valuation for 198 Berko Avenue, Hamilton, Lawfield, Hamilton, ON. Listed for $784,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 198 Berko Avenue, Hamilton, Lawfield
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $284,900 over $500K
$53,490
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $29,230 | $21,899 | $18,681 | $0 |
=Total mortgage | $759,972 | $728,309 | $685,846 | $627,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,711monthly | $3,556monthly | $3,349monthly | $3,066monthly |
Land Transfer Tax
$12,173
$12,173
Around this home
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