28 Dale Avenue Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8G 3L9
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,391 sqft
Price per Sqft $898
MLS Listing ID 40707875
Style Bungalow
Bedrooms 6
Full Baths 2
Abv Grd Liv Area 2,263
Originating Board Hamilton - Burlington
Year Built 1956
Annual Tax Amount $4,631
Property Sub-Type Detached
Property Description
Turnkey Residential Care Home in Prime Stoney Creek Location Fantastic Opportunity to Own a Fully Renovated, Accessible and Legally Converted Residential Care Home! This investment not only offers great income potential but also makes a meaningful difference in the community. It is ready for immediate operation, allowing for care options ranging from independent living, low care, or maximizing revenue with a high level of care (please see supplements). It has the ability to generate well over $200,000 in net operating income, a customizable asset with reasonable operating expenses. The Prime Location is nestled in a beautiful residential neighborhood, within walking distance of parks as well as amenities such as grocery, pharmacy, medical centers, Starbucks, and more!Containing 6 bedrooms (3+3) 2 full bathrooms and 2 kitchens and sitting on a very generous 75x100 lot with a beautiful large, level and peaceful private backyard for additional outdoor living space. 28 Dale Avenue could be the next address in your commercial portfolio with the ability to generate a cap rate well into the double digits! Renovated from top to bottom with a wheelchair accessible main floor that includes a vertical lift at the main entrance, tilt mirrors and grab bars in bathrooms, widened doorways, no transition flooring and remote-control blinds. Renovations also included external waterproofing and the replacement of clay pipes in the basement. Features further include permitted approvals to convert existing garage (including optional interior lift) into additional living space, which will provide an extra 450 sq ft, perfect for a long-term tenant or on-site care provider. Endless income producing options to create massive returns! All development fees for the conversion were fully paid and not deferred ($77,000 value). With all major renovations completed and permits secured, this is a rare opportunity to own a hassle-free, income-generating property in a prime location.
Location
Province ON
County Hamilton
Area 51 - Stoney Creek
Zoning R1
Direction Queenston Road to Donn Avenue to Dale Avenue
Rooms
Basement Walk-Up Access,Full,Finished
Main Level Bedrooms 3
Kitchen 2
Interior
Interior Features In-law Capability,In-Law Floorplan
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Water Heater Owned,Dishwasher,Range Hood,Refrigerator,Stove
Exterior
Parking Features Attached Garage,Asphalt
Garage Spaces 1.0
Roof Type Asphalt Shing
Handicap Access Accessible Kitchen Appliances,Exterior Wheelchair Lift,Modified Bathroom Counter,Raised Toilet,Roll-In Shower
Porch Porch
Lot Frontage 75.0
Lot Depth 100.0
Garage Yes
Building
Lot Description Urban,Rectangular,School Bus Route,Schools
Faces Queenston Road to Donn Avenue to Dale Avenue
Foundation Concrete Perimeter
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Bungalow
Structure Type Brick Veneer,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 173160037
Ownership Freehold/None
Virtual Tour https://youtu.be/n8EY1LfQ9T4?si=jO4mNsZI9ACTiOoT