28 Dale Avenue Hamilton, Ontario L8G 3L9

6 Bedroom 2 Bathroom 1,100 - 1,500 ft2
Bungalow Central Air Conditioning Forced Air

$1,249,900

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. (id:61594)

Property Details

MLS® Number X12025563
Property Type Single Family
Community Name Stoney Creek
Community Features School Bus
Features Guest Suite, In-law Suite
Parking Space Total 5

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 3
Bedrooms Total 6
Appliances Water Heater, Dishwasher, Dryer, Range, Stove, Washer, Refrigerator
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Fire Protection Alarm System
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1,100 - 1,500 Ft2
Type House
Utility Water Municipal Water

Parking

Attached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 75 Ft
Size Frontage 100 Ft
Size Irregular 100 X 75 Ft
Size Total Text 100 X 75 Ft|under 1/2 Acre
Zoning Description R1

Rooms

Level Type Dimensions
Basement Kitchen 6.04 m x 2.27 m
Basement Recreational, Games Room 6.04 m x 4.61 m
Basement Bedroom 3.12 m x 3.32 m
Basement Bedroom 2 2.87 m x 3.32 m
Basement Bedroom 3 2.7 m x 3.47 m
Main Level Kitchen 6.27 m x 2.65 m
Main Level Other 2.37 m x 6.71 m
Main Level Other 3.47 m x 6.71 m
Main Level Living Room 5.58 m x 4.49 m
Main Level Bedroom 3.42 m x 3.45 m
Main Level Bedroom 2 3.38 m x 3.75 m
Main Level Bedroom 3 3.28 m x 2.51 m

https://www.realtor.ca/real-estate/28038292/28-dale-avenue-hamilton-stoney-creek-stoney-creek

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