Re-listed 15 days ago

28 Dale Ave, Hamilton, Ontario L8G 3L9

Other
-
1
~1391 sqft
$•••,•••
$1,199,000
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Other
-
1
~1391 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$861/sqft

Est. Mortgage$5,149/mo

Tax Amount (2024)$4,631/yr

Days On Market15 days

Total Days On Market79 days


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 neighbourhood, 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.


Property Details

StyleAccommodation
View-
Age of property51-99
SqFt~1391 SqFt
Lot Size7,500 SqFt(75 x 100)
Parking Spaces4
MLS ®NumberX12160158
Community NameNeighborhood of Stoney Creek
Data SourceTRREB
Listing byREVEL Realty Inc., Brokerage

Features

Heating: Gas Forced Air Closd
Cooling: Y

Features

Lot size: 7,500 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
15 days on market
history photo preview44
Listing by trreb®
Property listed by REVEL Realty Inc., Brokerage, Brokerage

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Market Data - Neighborhood of Stoney Creek

Geo Zone Map ThumbnailNeighborhood of Stoney Creek

Seller's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

35 days

Compared to

2024

80 days

2023

9 days

2022

14 days

New Listings

Past 30 days

7 listings

Compared to

2024

13 listings

2023

18 listings

2022

17 listings

Units sold

Past 30 days

7 units

Compared to

2024

3 units

2023

4 units

2022

8 units

Median Sold Price

Past 30 days

$760,000

Compared to

2024

$515,000

2023

$631,850

2022

$954,500


Population and Demographics

Overview

Total population 4172
Average household income $102,489

Age (%)

65 and plus
27%
50 to 64
22%
35 to 49
17%
20 to 34
17%
0 to 19
17%

Household composition (%)

Single family
54%
Single person
43%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
81%
Others
4%
Serbian
4%
Croatian
3%
Italian
3%
Polish
1%
French
1%

House tenancy (%)

Renters
53%
Owners
47%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget