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$1,099,900
Available - For Sale
Listing ID: X12378294
Fantastic opportunity to own a fully renovated, accessible and legally converted Residential Care Home in prime Stoney Creek! This turnkey investment not only offers great income potential but also makes a meaningful difference in the community, with immediate operation possible for independent living, low care, or maximizing revenue with a higher level of care (see supplements). Capable of generating well over $200,000 in net operating income, this customizable asset carries reasonable operating expenses and sits in a beautiful residential neighbourhood within walking distance to parks, grocery, pharmacy, medical centers, Starbucks, and more. Offering 6 bedrooms (3+3), 2 full bathrooms, 2 kitchens and a generous 75x100 lot with a large, private backyard, 28 Dale Avenue could be the next address in your commercial portfolio with the potential to generate a cap rate well into the double digits! Renovated top to bottom with wheelchair accessibility in mind, it includes a vertical lift at the main entrance, tilt mirrors and grab bars in bathrooms, widened doorways, no transition flooring, remote-control blinds, plus external waterproofing and replacement of basement clay pipes. Permitted approvals are also in place to convert the existing garage (with optional interior lift) into 450 sq ft of additional living space, perfect for a long-term tenant or on-site care provider. Adding further flexibility, the property is also available for rent with the main floor offered at $3,000/month plus 60% of gas, water, and hydro, and the lower level at $2,000/month plus 40% of gas, water, and hydro. All development fees for the conversion have been fully paid ($77,000 value), making this a rare chance to acquire a hassle-free, income-generating property with endless options for returns in a prime location.
Price $1,099,900
Taxes: $4,631
Occupancy by: Vacant
Address: 28 Dale Aven , Hamilton, L8G 3L9, Hamilton
Acreage: < .50
Directions/Cross Streets: Donn Avenue to Dale Avenue
Rooms: 5
Rooms +: 5
Bedrooms: 3
Bedrooms +: 3
Washrooms: 2
Family Room: F
Basement: Full
Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 20.57 8.69
Room 2: Main Living Ro 18.30 14.73 Combined w/Dining
Room 3: Main Bedroom 11.22 11.32
Room 4: Main Bedroom 2 11.09 12.30
Room 5: Main Bedroom 3 10.76 8.23
Room 6: Basement Kitchen 19.81 7.45
Room 7: Basement Recreatio 19.81 15.12
Room 8: Basement Bedroom 10.23 10.89
Room 9: Basement Bedroom 2 9.41 10.89
Room 10: Basement Bedroom 3 8.86 11.38
Room 11: Main Other 7.77 22.01
Room 12: Main Other 11.38 22.01
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Basement
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Main
Washroom 7:  3 Basement
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Detached
Style: Bungalow
Exterior: Brick
Vinyl Siding
Garage Type: Attached
(Parking/)Drive: Private Do
Drive Parking Spaces: 4
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1100-1500
Property Features: School Bus R
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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REVEL Realty Inc., Brokerage

28 Dale Aven , Hamilton, L8G 3L9, Hamilton


 
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At a Glance:
Type: Freehold - Detached
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Stoney Creek
Style: Bungalow
Lot Size: x 75.00(Feet)
Approximate Age: 51-99
Tax: $4,631
Maintenance Fee: $0
Beds: 3+3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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