Home with brick exterior material, street for 28 Dale Ave, Hamilton Ontario L8G 3L9
18 days on Market

28 Dale Ave, Hamilton, Ontario L8G 3L9

Other
-
-
~2263 sqft
$1,249,900
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Other
-
-
~2263 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$552/sqft

Est. Mortgage$5,368/mo

Tax Amount (2024)$4,631/yr

Days On Market18 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 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.


Property Details

StyleCommercial Sale
View-
Age of property1956
SqFt~2263 SqFt
Lot Size7,500 SqFt(100 x 75)
Parking Spaces5
MLS ®Number40708377
Community NameNeighborhood of Stoney Creek
Data SourceITSO
Listing byRevel Realty Inc.

Features

Basement: Full

Features

Lot size: 7,500 SqFt
Sewer (Municipal)

Parking

Garage spaces 1

Garage type -

Other parking spaces 4

Total parking spaces 5


Property listed by Revel Realty Inc., Brokerage

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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%

Schools and amenities

Estimated Budget