Looking for homes for sale and lease near waterfalls in Hamilton? Known as the “Waterfall Capital of the World,” Hamilton offers breathtaking natural beauty and a thriving real estate market. Whether you’re looking to buy or lease, properties near Webster’s Falls, Albion Falls, and Devil’s Punchbowl provide a perfect balance of nature and city living.
198 Berko Avenue
Hamilton
L8V 2R5
$784,900
Residential Freehold
beds: 3+2
baths: 2.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12369556
- Bedrooms:
- 3+2
- Bathrooms:
- 2
- Photos (38)
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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
- Property Type:
- Residential Freehold
- Property Sub Type:
- Duplex
- Home Style:
- Bungalow
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 700-1100
- Depth:
- 114'6½"
- Frontage:
- 44'⅛"
- Direction Faces:
- North
- Bedrooms:
- 3+2
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Kitchens:
- 2
- Kitchens in Basement:
- 1
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 9
- Zoning:
- R1
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Concrete Block
- Roof:
- Asphalt Shingle
- Basement:
- Full, Finished
- Fireplace/Stove:
- No
- Garage:
- Carport
- Garage Spaces:
- 0.0
- Parking Spaces:
- 4
- Total Parking Spaces:
- 4.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $5,060.33 / 2025
- Assessment:
- $- / -
- Hamilton
- Lawfield
- Hamilton
- In-Law Suite
- none
- All appliances
- Tenant belongings
- Brick, Stone
- Floor
- Type
- Size
- Other
- Main
- Bedroom
- 3'3" × 3'3"
- Main
- Kitchen
- 3'3" × 3'3"
- Main
- Living Room
- 3'3" × 3'3"
- Main
- Bedroom
- 3'3" × 3'3"
- Main
- Bedroom
- 3'3" × 3'3"
- Basement
- Kitchen
- 3'3" × 3'3"
- Basement
- Living Room
- 3'3" × 3'3"
- Basement
- Bedroom
- 3'3" × 3'3"
- Basement
- Bedroom
- 3'3" × 3'3"
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- 4
- 3'3" x 3'3" 4 Pc Bath
- Basement
- Yes
- 4
- 3'3" x 3'3" 4 Pc Ensuite
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Ensuite Laundry:
- No
-
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Listed by REVEL REALTY INC.
Data was last updated September 6, 2025 at 03:15 AM (UTC)
Area Statistics
- Listings on market:
- 26
- Avg list price:
- $804,500
- Min list price:
- $399,000
- Max list price:
- $1,499,000
- Avg days on market:
- 50
- Min days on market:
- 3
- Max days on market:
- 211
These statistics are generated based on the current listing's property type
and located in
Hamilton. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
powered by myRealPage.com
Why Live Near Waterfalls in Hamilton?
Choosing a home for sale or lease near waterfalls in Hamilton comes with several benefits:
- Stunning Natural Views – Wake up to beautiful forests, cliffs, and waterfalls.
- Outdoor Activities – Easy access to hiking trails, conservation areas, and parks.
- Peaceful Living – Enjoy a calm, nature-filled lifestyle while staying close to the city.
- High Demand & Value – Homes in these areas offer great investment and rental opportunities.
Top Areas with Homes for Sale & Lease Near Waterfalls in Hamilton
Webster’s Falls – Live in a Scenic Neighborhood
Homes near Webster’s Falls provide stunning views and are close to Spencer Gorge Conservation Area, a favorite for nature lovers.
Albion Falls – Suburban Living with Nature
Located in a quiet area, Albion Falls offers homes with large lots and access to parks and walking trails.
Devil’s Punchbowl – A Unique Landscape
This area features properties overlooking the Niagara Escarpment, perfect for those who love breathtaking scenery and outdoor adventures.
Find Your Home for Sale or Lease Near Hamilton’s Waterfalls
Explore the latest homes for sale and lease near waterfalls in Hamilton and find the perfect property. Whether you’re looking for a detached home, townhouse, or condo, living near nature offers a unique and rewarding lifestyle.
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