905-332-2207
35
198 Berko Avenue
$784,900 Sale
Listed 10 hours ago
· 5
· 2
· 4
· 1050
Key Facts
Key facts for 198 Berko Avenue
Property Type
House, Bungalow
Parking
Private Drive Double Wide 4 parking
MLS #
40764500
Size
1050 sqft
Basement
Separate Entrance,Full,Finished
Listed on
2025-08-28
Lot size
-
Tax
$5,060.33 /yr
Days on Market
1
Year Built
1964
Maintenance Fee
-
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, pr...operty 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, 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, Exclusions:
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Listing courtesy of: Revel Realty Inc.