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Duncan Harvey

duncan@everyavenue.ca +1(905) 510-5995

$ 1,249,900

Est. payment -/mo

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Active

28 Dale AVE Hamilton, ON L8G 3L9

3 Beds

2 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Stoney Creek

MLS Listing ID X12025563

Style Bungalow

Bedrooms 3

Building Age 51-99

Annual Tax Amount $4,631

Tax Year 2024

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

Community Stoney Creek

Area Hamilton

Rooms

Family Room No

Basement Full, Finished

Kitchen 2

Separate Den/Office 3

Interior

Interior Features Guest Accommodations, In-Law Capability, In-Law Suite, Water Heater Owned

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 100.0

Lot Depth 75.0

Total Parking Spaces 5

Building

Unit Features School Bus Route

Foundation Concrete

Others

Security Features Alarm System

Listed by REVEL Realty Inc., Brokerage

Duncan Harvey

Broker | Branch Partner

+1(905) 510-5995

Duncan Harvey

28 Dale AVE Hamilton, ON L8G 3L9

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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28 Dale AVE